U.S. Global Jets ETF (NYSEARCA:JETS) Hits New 1-Year High – Here’s What Happened

U.S. Global Jets ETF (NYSEARCA:JETS)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $33.98 and last traded at $33.91, with a volume of 133574 shares. The stock had previously closed at $33.23.

U.S. Global Jets ETF Stock Up 0.9%

The firm has a 50 day moving average of $28.31 and a 200 day moving average of $27.86. The firm has a market cap of $967.63 million, a PE ratio of 9.62 and a beta of 1.18.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Ares Financial Consulting LLC bought a new position in shares of U.S. Global Jets ETF during the 4th quarter worth $49,000. NewEdge Advisors LLC lifted its holdings in U.S. Global Jets ETF by 18.8% during the first quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock valued at $66,000 after purchasing an additional 500 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in U.S. Global Jets ETF during the fourth quarter valued at about $85,000. AdvisorNet Financial Inc boosted its position in U.S. Global Jets ETF by 1,730.9% during the first quarter. AdvisorNet Financial Inc now owns 4,980 shares of the company’s stock worth $123,000 after purchasing an additional 4,708 shares during the period. Finally, Private Trust Co. NA boosted its position in U.S. Global Jets ETF by 48.1% during the fourth quarter. Private Trust Co. NA now owns 7,403 shares of the company’s stock worth $208,000 after purchasing an additional 2,403 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.