U.S. Global Jets ETF (NYSEARCA:JETS) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

U.S. Global Jets ETF (NYSEARCA:JETS) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $31.24 and traded as high as $32.06. U.S. Global Jets ETF shares last traded at $31.62, with a volume of 1,487,725 shares traded.

U.S. Global Jets ETF Stock Performance

The stock’s 50 day simple moving average is $31.32 and its two-hundred day simple moving average is $28.51. The firm has a market capitalization of $776.38 million, a PE ratio of 9.62 and a beta of 1.19.

Institutional Trading of U.S. Global Jets ETF

Institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its stake 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 worth $66,000 after purchasing an additional 500 shares during the period. Ares Financial Consulting LLC acquired a new position in shares of U.S. Global Jets ETF during the fourth quarter worth about $49,000. Private Trust Co. NA increased its position in shares of U.S. Global Jets ETF by 48.1% in the 4th quarter. Private Trust Co. NA now owns 7,403 shares of the company’s stock valued at $208,000 after purchasing an additional 2,403 shares during the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in U.S. Global Jets ETF in the fourth quarter valued at $85,000. Finally, RPg Family Wealth Advisory LLC lifted its stake in U.S. Global Jets ETF by 10.5% during the fourth 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 during 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.