U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report)’s share price crossed 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 changing hands.
U.S. Global Jets ETF Stock Down 1.3%
The company’s 50 day moving average price is $29.95 and its 200-day moving average price is $28.19. The stock has a market cap of $802.16 million, a P/E ratio of 9.62 and a beta of 1.18.
Institutional Investors Weigh In On U.S. Global Jets ETF
Several institutional investors and hedge funds have recently made changes to their positions in JETS. Ares Financial Consulting LLC bought a new position in U.S. Global Jets ETF during the fourth quarter worth $49,000. IFC & Insurance Marketing Inc. bought a new stake in U.S. Global Jets ETF in the fourth quarter valued at $85,000. NewEdge Advisors LLC raised its holdings 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 purchasing an additional 500 shares during the period. AdvisorNet Financial Inc raised 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 valued at $123,000 after purchasing an additional 4,708 shares during the period. Finally, Private Trust Co. NA boosted its position in shares of U.S. Global Jets ETF by 48.1% during the 4th quarter. Private Trust Co. NA now owns 7,403 shares of the company’s stock worth $208,000 after purchasing an additional 2,403 shares in 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.
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