U.S. Global Jets ETF (NYSEARCA:JETS) Sets New 12-Month High – Here’s Why

U.S. Global Jets ETF (NYSEARCA:JETS)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $27.15 and last traded at $27.0650, with a volume of 1754261 shares changing hands. The stock had previously closed at $26.65.

U.S. Global Jets ETF Trading Up 1.9%

The stock has a fifty day simple moving average of $25.15 and a 200-day simple moving average of $24.56. The stock has a market cap of $895.59 million, a price-to-earnings ratio of 9.62 and a beta of 1.33.

Institutional Trading of U.S. Global Jets ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its stake in shares of 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 buying an additional 500 shares during the period. Pandora Wealth Inc. bought a new stake in U.S. Global Jets ETF in the 1st quarter valued at $126,000. Janney Montgomery Scott LLC raised its stake in shares of U.S. Global Jets ETF by 3.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 12,617 shares of the company’s stock valued at $290,000 after buying an additional 450 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in U.S. Global Jets ETF in the first quarter worth about $570,000. Finally, OLD Mission Capital LLC lifted its stake in U.S. Global Jets ETF by 454.0% during the first quarter. OLD Mission Capital LLC now owns 48,719 shares of the company’s stock worth $1,012,000 after purchasing an additional 39,925 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.