U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $30.67 and traded as low as $27.47. U.S. Global Jets ETF shares last traded at $27.84, with a volume of 4,888,624 shares traded.
U.S. Global Jets ETF Trading Up 1.2%
The firm has a market cap of $692.98 million, a price-to-earnings ratio of 9.62 and a beta of 1.18. The stock has a 50-day moving average of $30.57 and a two-hundred day moving average of $28.49.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in JETS. NewEdge Advisors LLC increased its position in shares of U.S. Global Jets ETF by 18.8% in the first quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock worth $66,000 after acquiring an additional 500 shares in the last quarter. Quadrature Capital Ltd acquired a new position in U.S. Global Jets ETF in the 3rd quarter worth approximately $6,509,000. Gordian Capital Singapore Pte Ltd boosted its stake in U.S. Global Jets ETF by 800,000.0% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 8,001 shares of the company’s stock worth $225,000 after purchasing an additional 8,000 shares during the period. IFC & Insurance Marketing Inc. purchased a new position in U.S. Global Jets ETF during the 4th quarter worth approximately $85,000. Finally, RPg Family Wealth Advisory LLC grew its position in U.S. Global Jets ETF by 10.5% during the 4th quarter. RPg Family Wealth Advisory LLC now owns 34,257 shares of the company’s stock worth $962,000 after purchasing an additional 3,258 shares in the last quarter.
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.
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