U.S. Global Jets ETF (NYSEARCA:JETS) Hits New 52-Week High – Here’s What Happened

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

U.S. Global Jets ETF Trading Down 0.1%

The business’s fifty day simple moving average is $26.82 and its 200 day simple moving average is $25.57. The stock has a market cap of $823.60 million, a P/E 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 of this dividend was Wednesday, December 24th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JETS. NewEdge Advisors LLC lifted its holdings in 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 buying an additional 500 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of U.S. Global Jets ETF by 3.7% during the second quarter. Janney Montgomery Scott LLC now owns 12,617 shares of the company’s stock worth $290,000 after acquiring an additional 450 shares during the last quarter. RPg Family Wealth Advisory LLC raised its position in shares of U.S. Global Jets ETF by 3.1% during the second quarter. RPg Family Wealth Advisory LLC now owns 28,288 shares of the company’s stock worth $650,000 after acquiring an additional 838 shares during the last quarter. Leuthold Group LLC lifted 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 valued at $1,228,000 after acquiring an additional 1,380 shares during the period. Finally, Quadrature Capital Ltd bought a new position in U.S. Global Jets ETF in the third quarter valued at about $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.