U.S. Global Jets ETF (NYSEARCA:JETS) Hits New 52-Week High – Should You Buy?

Shares of U.S. Global Jets ETF (NYSEARCA:JETS) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $33.98 and last traded at $33.91, with a volume of 133574 shares changing hands. The stock had previously closed at $33.23.

U.S. Global Jets ETF Stock Up 0.9%

The stock has a 50-day moving average of $28.31 and a 200 day moving average of $27.86. The company has a market capitalization of $967.63 million, a PE ratio of 9.62 and a beta of 1.18.

Institutional Investors Weigh In On U.S. Global Jets ETF

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in U.S. Global Jets ETF during the fourth quarter valued at about $995,000. Flow Traders U.S. LLC bought a new stake in U.S. Global Jets ETF in the third quarter worth about $8,584,000. RPg Family Wealth Advisory LLC raised its position in U.S. Global Jets ETF by 9.6% in the third quarter. RPg Family Wealth Advisory LLC now owns 30,999 shares of the company’s stock worth $764,000 after acquiring an additional 2,711 shares during the period. IFC & Insurance Marketing Inc. purchased a new position in U.S. Global Jets ETF in the fourth quarter valued at about $85,000. Finally, NewEdge Advisors LLC boosted its stake in U.S. Global Jets ETF by 18.8% in the first quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock valued at $66,000 after acquiring an additional 500 shares during the last quarter.

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.