U.S. Global Jets ETF (NYSEARCA:JETS) Sets New 12-Month High – Should You Buy?

U.S. Global Jets ETF (NYSEARCA:JETS)’s share price hit a new 52-week high on Wednesday . The company traded as high as $33.98 and last traded at $33.93, with a volume of 914787 shares. The stock had previously closed at $33.40.

U.S. Global Jets ETF Stock Up 1.0%

The company has a market cap of $829.51 million, a price-to-earnings ratio of 9.62 and a beta of 1.19. The stock has a 50 day simple moving average of $30.83 and a 200 day simple moving average of $28.35.

Institutional Trading of U.S. Global Jets ETF

Several large investors have recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new position in shares of U.S. Global Jets ETF in the third quarter valued at $6,509,000. Quantitative Investment Management LLC acquired a new position in U.S. Global Jets ETF in the 4th quarter worth $3,833,000. Marshall Wace LLP purchased a new position in U.S. Global Jets ETF in the 4th quarter valued at about $1,677,000. 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 valued at $1,067,000 after acquiring an additional 3,871 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of U.S. Global Jets ETF during the fourth quarter valued at about $995,000.

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.