U.S. Global Jets ETF (NYSEARCA:JETS) Stock Passes Above 50 Day Moving Average – Time to Sell?

U.S. Global Jets ETF (NYSEARCA:JETS) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $28.31 and traded as high as $33.60. U.S. Global Jets ETF shares last traded at $33.23, with a volume of 1,544,601 shares.

U.S. Global Jets ETF Stock Performance

The firm has a fifty day moving average price of $28.44 and a 200 day moving average price of $27.89. The firm has a market cap of $957.82 million, a PE ratio of 9.62 and a beta of 1.18.

Institutional Investors Weigh In On U.S. Global Jets ETF

Several hedge funds and other institutional investors have recently bought and sold shares of JETS. Ares Financial Consulting LLC acquired a new position in U.S. Global Jets ETF in the 4th quarter valued at about $49,000. NewEdge Advisors LLC increased 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 buying an additional 500 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in shares of U.S. Global Jets ETF during the 4th quarter valued at approximately $85,000. AdvisorNet Financial Inc raised its position in shares of U.S. Global Jets ETF by 1,730.9% during the 1st quarter. AdvisorNet Financial Inc now owns 4,980 shares of the company’s stock valued at $123,000 after buying an additional 4,708 shares during the period. Finally, Private Trust Co. NA lifted its holdings in U.S. Global Jets ETF by 48.1% in the fourth quarter. Private Trust Co. NA now owns 7,403 shares of the company’s stock valued at $208,000 after acquiring an additional 2,403 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.