Shares of U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $29.12 and traded as low as $26.55. U.S. Global Jets ETF shares last traded at $26.80, with a volume of 5,144,891 shares.
U.S. Global Jets ETF Trading Down 0.8%
The business’s 50 day moving average price is $29.12 and its two-hundred day moving average price is $28.81. The company has a market capitalization of $778.54 million, a price-to-earnings ratio of 9.62 and a beta of 1.22.
Hedge Funds Weigh In On U.S. Global Jets ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in JETS. Janney Montgomery Scott LLC grew its stake in shares of U.S. Global Jets ETF by 9.8% during the first quarter. Janney Montgomery Scott LLC now owns 43,307 shares of the company’s stock worth $1,067,000 after buying an additional 3,871 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in shares of 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 buying an additional 4,708 shares in the last quarter. Highland Investment Advisors LLC acquired a new position in shares of U.S. Global Jets ETF during the second quarter worth $167,000. Rathbones Group PLC acquired a new position in shares of U.S. Global Jets ETF during the first quarter worth $228,000. Finally, Ibex Wealth Advisors bought a new position in shares of U.S. Global Jets ETF in the 1st quarter valued at $323,000.
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.
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