U.S. Global Jets ETF (NYSEARCA:JETS) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

U.S. Global Jets ETF (NYSEARCA:JETS) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $28.01 and traded as low as $27.75. U.S. Global Jets ETF shares last traded at $28.42, with a volume of 4,673,489 shares trading hands.

U.S. Global Jets ETF Stock Performance

The company has a market cap of $893.00 million, a price-to-earnings ratio of 9.62 and a beta of 1.33. The company has a fifty day moving average of $28.08 and a two-hundred day moving average of $26.12.

U.S. Global Jets ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a dividend of $0.2329 per share. This represents a dividend yield of 82.0%. The ex-dividend date was Wednesday, December 24th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in U.S. Global Jets ETF by 24.9% during the second quarter. JPMorgan Chase & Co. now owns 3,634,844 shares of the company’s stock worth $83,492,000 after buying an additional 724,885 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of U.S. Global Jets ETF during the 3rd quarter valued at $8,584,000. Quadrature Capital Ltd bought a new stake in U.S. Global Jets ETF during the third quarter worth about $6,509,000. SG Americas Securities LLC purchased a new position in shares of U.S. Global Jets ETF during the fourth quarter worth approximately $995,000. Finally, RPg Family Wealth Advisory LLC increased its holdings in shares of U.S. Global Jets ETF by 9.6% in the third quarter. RPg Family Wealth Advisory LLC now owns 30,999 shares of the company’s stock worth $764,000 after buying an additional 2,711 shares during the period.

About U.S. Global Jets ETF

The U.S. Global Jets ETF (JETS) is an exchange-traded fund that is based on the Stuttgart US Global Jets (USD) index. The fund invests in both US and non-US airline companies. This concentrated portfolio is weighted towards domestic passenger airlines. JETS was launched on Apr 28, 2015 and is managed by US Global.