Janney Montgomery Scott LLC Grows Stock Position in U.S. Global Jets ETF $JETS

Janney Montgomery Scott LLC raised its position in U.S. Global Jets ETF (NYSEARCA:JETS) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,617 shares of the company’s stock after purchasing an additional 450 shares during the period. Janney Montgomery Scott LLC’s holdings in U.S. Global Jets ETF were worth $290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JETS. Quantitative Investment Management LLC lifted its holdings in U.S. Global Jets ETF by 330.9% in the 1st quarter. Quantitative Investment Management LLC now owns 216,844 shares of the company’s stock valued at $4,503,000 after purchasing an additional 166,522 shares in the last quarter. OLD Mission Capital LLC lifted its holdings in U.S. Global Jets ETF by 454.0% in the 1st quarter. OLD Mission Capital LLC now owns 48,719 shares of the company’s stock valued at $1,012,000 after purchasing an additional 39,925 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new position in U.S. Global Jets ETF in the 1st quarter valued at about $570,000. Pandora Wealth Inc. purchased a new position in U.S. Global Jets ETF in the 1st quarter valued at about $126,000. Finally, Golden State Wealth Management LLC lifted its holdings in U.S. Global Jets ETF by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 6,722 shares of the company’s stock valued at $140,000 after purchasing an additional 3,361 shares in the last quarter.

U.S. Global Jets ETF Trading Down 0.3%

NYSEARCA:JETS opened at $24.86 on Monday. The firm has a market cap of $824.11 million, a price-to-earnings ratio of 9.62 and a beta of 1.38. The company’s 50-day moving average is $25.48 and its two-hundred day moving average is $23.32. U.S. Global Jets ETF has a 12-month low of $17.11 and a 12-month high of $27.10.

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.