U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $29.95 and traded as low as $29.90. U.S. Global Jets ETF shares last traded at $30.10, with a volume of 1,553,708 shares traded.
U.S. Global Jets ETF Price Performance
The company’s fifty day simple moving average is $29.95 and its two-hundred day simple moving average is $28.19. The stock has a market cap of $802.16 million, a price-to-earnings ratio of 9.62 and a beta of 1.18.
Hedge Funds Weigh In On U.S. Global Jets ETF
A number of hedge funds and other institutional investors have recently modified their holdings of JETS. NewEdge Advisors LLC increased its position in shares of 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 buying an additional 500 shares during the period. Ares Financial Consulting LLC bought a new position in shares of U.S. Global Jets ETF in the fourth quarter valued at approximately $49,000. Private Trust Co. NA boosted its position in shares of 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 period. IFC & Insurance Marketing Inc. purchased a new position in U.S. Global Jets ETF during the fourth quarter valued at approximately $85,000. Finally, RPg Family Wealth Advisory LLC grew 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 valued at $962,000 after acquiring an additional 3,258 shares in 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.
See Also
- Five stocks we like better than U.S. Global Jets ETF
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
Receive News & Ratings for U.S. Global Jets ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Global Jets ETF and related companies with MarketBeat.com's FREE daily email newsletter.
