U.S. Global Jets ETF (NYSEARCA:JETS) Sets New 1-Year High – Time to Buy?

U.S. Global Jets ETF (NYSEARCA:JETS) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $29.14 and last traded at $29.1130, with a volume of 695442 shares traded. The stock had previously closed at $28.74.

U.S. Global Jets ETF Stock Up 1.5%

The stock’s 50-day moving average price is $25.84 and its 200-day moving average price is $25.00. The company has a market capitalization of $952.56 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 institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its holdings in shares of U.S. Global Jets ETF by 3.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 12,617 shares of the company’s stock valued at $290,000 after purchasing an additional 450 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in U.S. Global Jets ETF in the 1st quarter valued at $570,000. JPMorgan Chase & Co. boosted its position in shares of U.S. Global Jets ETF by 24.9% during the second quarter. JPMorgan Chase & Co. now owns 3,634,844 shares of the company’s stock worth $83,492,000 after buying an additional 724,885 shares during the period. OLD Mission Capital LLC boosted its position in U.S. Global Jets ETF by 454.0% during the 1st quarter. OLD Mission Capital LLC now owns 48,719 shares of the company’s stock worth $1,012,000 after acquiring an additional 39,925 shares during the last quarter. Finally, Quantitative Investment Management LLC boosted its holdings in U.S. Global Jets ETF by 330.9% during the first quarter. Quantitative Investment Management LLC now owns 216,844 shares of the company’s stock worth $4,503,000 after purchasing an additional 166,522 shares during 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.