U.S. Global Jets ETF (NYSEARCA:JETS) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

U.S. Global Jets ETF (NYSEARCA:JETS)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $31.24 and traded as high as $32.06. U.S. Global Jets ETF shares last traded at $31.62, with a volume of 1,487,725 shares trading hands.

U.S. Global Jets ETF Price Performance

The stock has a market cap of $777.85 million, a price-to-earnings ratio of 9.62 and a beta of 1.19. The business’s 50-day simple moving average is $31.24 and its two-hundred day simple moving average is $28.49.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Rathbones Group PLC acquired a new stake in shares of U.S. Global Jets ETF during the 1st quarter valued at $228,000. Janney Montgomery Scott LLC increased its holdings in U.S. Global Jets ETF by 9.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,307 shares of the company’s stock worth $1,067,000 after purchasing an additional 3,871 shares in the last quarter. Quantitative Investment Management LLC acquired a new position in U.S. Global Jets ETF in the 4th quarter worth about $3,833,000. Marshall Wace LLP bought a new position in U.S. Global Jets ETF in the fourth quarter valued at about $1,677,000. Finally, IFC & Insurance Marketing Inc. bought a new position in U.S. Global Jets ETF in the fourth quarter valued at about $85,000.

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.