U.S. Global Jets ETF (NYSEARCA:JETS) Trading Up 3.5%

U.S. Global Jets ETF (NYSEARCA:JETS)’s share price was up 3.5% on Wednesday . The company traded as high as $20.08 and last traded at $20.04. Approximately 917,140 shares were traded during trading, a decline of 76% from the average daily volume of 3,881,811 shares. The stock had previously closed at $19.37.

U.S. Global Jets ETF Price Performance

The company has a market cap of $1.25 billion, a P/E ratio of 25.47 and a beta of 1.22. The stock’s 50-day moving average is $20.09 and its two-hundred day moving average is $18.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JETS. Laurel Wealth Advisors Inc. lifted its position in U.S. Global Jets ETF by 12.0% during the first quarter. Laurel Wealth Advisors Inc. now owns 165,789 shares of the company’s stock valued at $3,608,000 after purchasing an additional 17,771 shares during the period. Flow Traders U.S. LLC purchased a new stake in U.S. Global Jets ETF during the first quarter valued at approximately $1,771,000. Industrial Alliance Investment Management Inc. purchased a new stake in U.S. Global Jets ETF during the first quarter valued at approximately $326,000. Turim 21 Investimentos Ltda. purchased a new stake in U.S. Global Jets ETF during the first quarter valued at approximately $114,000. Finally, Neuberger Berman Group LLC increased its holdings in U.S. Global Jets ETF by 105.4% during the first quarter. Neuberger Berman Group LLC now owns 29,038 shares of the company’s stock valued at $632,000 after buying an additional 14,900 shares during the last quarter.

U.S. Global Jets ETF Company Profile

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.