U.S. Global Jets ETF (NYSEARCA:JETS) Reaches New 12-Month High – Here’s What Happened

U.S. Global Jets ETF (NYSEARCA:JETS) shares hit a new 52-week high on Tuesday . The company traded as high as $28.97 and last traded at $28.8630, with a volume of 520178 shares traded. The stock had previously closed at $28.51.

U.S. Global Jets ETF Stock Performance

The company has a 50-day moving average of $25.67 and a 200-day moving average of $24.90. The stock has a market capitalization of $924.32 million, a price-to-earnings ratio of 9.62 and a beta of 1.33.

Institutional Trading of U.S. Global Jets ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of U.S. Global Jets ETF by 24.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,634,844 shares of the company’s stock worth $83,492,000 after purchasing an additional 724,885 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in U.S. Global Jets ETF during the third quarter worth approximately $8,584,000. Quadrature Capital Ltd purchased a new stake in U.S. Global Jets ETF in the 3rd quarter worth approximately $6,509,000. Quantitative Investment Management LLC raised 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 acquiring an additional 166,522 shares during the last quarter. Finally, Leuthold Group LLC lifted its stake in shares of U.S. Global Jets ETF by 2.6% during the 2nd quarter. Leuthold Group LLC now owns 53,461 shares of the company’s stock worth $1,228,000 after purchasing an additional 1,380 shares during the period.

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.