U.S. Global Jets ETF (NYSEARCA:JETS) Stock Passes Above Fifty Day Moving Average – Time to Sell?

U.S. Global Jets ETF (NYSEARCA:JETS) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $27.33 and traded as high as $29.09. U.S. Global Jets ETF shares last traded at $29.01, with a volume of 5,591,471 shares traded.

U.S. Global Jets ETF Stock Performance

The stock has a 50-day moving average price of $27.33 and a two-hundred day moving average price of $25.84. The stock has a market capitalization of $793.42 million, a PE ratio of 9.62 and a beta of 1.33.

U.S. Global Jets ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were given a $0.2329 dividend. This represents a dividend yield of 82.0%. The ex-dividend date was Wednesday, December 24th.

Institutional Trading of U.S. Global Jets ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC lifted its stake in shares of U.S. Global Jets ETF by 18.8% during the 1st quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock valued at $66,000 after buying an additional 500 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in U.S. Global Jets ETF by 3.7% during the second quarter. Janney Montgomery Scott LLC now owns 12,617 shares of the company’s stock valued at $290,000 after acquiring an additional 450 shares during the period. JPMorgan Chase & Co. lifted its position in shares of U.S. Global Jets ETF by 24.9% in the second quarter. JPMorgan Chase & Co. now owns 3,634,844 shares of the company’s stock valued at $83,492,000 after acquiring an additional 724,885 shares in the last quarter. Leuthold Group LLC boosted its stake in shares of U.S. Global Jets ETF by 2.6% in the second quarter. Leuthold Group LLC now owns 53,461 shares of the company’s stock worth $1,228,000 after acquiring an additional 1,380 shares during the period. Finally, RPg Family Wealth Advisory LLC boosted its stake in shares of U.S. Global Jets ETF by 3.1% in the second quarter. RPg Family Wealth Advisory LLC now owns 28,288 shares of the company’s stock worth $650,000 after acquiring an additional 838 shares during the period.

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.