U.S. Global Jets ETF (NYSEARCA:JETS) Reaches New 12-Month High – Still a Buy?

U.S. Global Jets ETF (NYSEARCA:JETS) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.29 and last traded at $29.3030, with a volume of 858123 shares. The stock had previously closed at $29.01.

U.S. Global Jets ETF Price Performance

The business has a fifty day moving average price of $26.54 and a two-hundred day moving average price of $25.47. The firm has a market cap of $836.38 million, a PE ratio of 9.62 and a beta of 1.33.

U.S. Global Jets ETF Announces Dividend

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

Institutional Trading of U.S. Global Jets ETF

Several hedge funds and other institutional investors have recently bought and sold shares of JETS. NewEdge Advisors LLC lifted its holdings in shares of U.S. Global Jets ETF by 18.8% during the 1st quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock worth $66,000 after acquiring an additional 500 shares during the period. Janney Montgomery Scott LLC lifted its holdings in U.S. Global Jets ETF by 3.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 12,617 shares of the company’s stock worth $290,000 after buying an additional 450 shares in the last quarter. RPg Family Wealth Advisory LLC increased its position in U.S. Global Jets ETF by 3.1% in the second quarter. RPg Family Wealth Advisory LLC now owns 28,288 shares of the company’s stock worth $650,000 after purchasing an additional 838 shares during the period. Leuthold Group LLC raised its stake in shares of U.S. Global Jets ETF by 2.6% during the second quarter. Leuthold Group LLC now owns 53,461 shares of the company’s stock worth $1,228,000 after buying an additional 1,380 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of U.S. Global Jets ETF in the 3rd quarter valued at $6,509,000.

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.