U.S. Global Jets ETF (NYSEARCA:JETS) Hits New 12-Month High – Still a Buy?

U.S. Global Jets ETF (NYSEARCA:JETS)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.68 and last traded at $29.4750, with a volume of 2323429 shares changing hands. The stock had previously closed at $28.93.

U.S. Global Jets ETF Stock Up 1.3%

The firm has a market cap of $936.04 million, a P/E ratio of 9.62 and a beta of 1.33. The firm’s 50-day simple moving average is $28.16 and its 200 day simple moving average is $26.16.

U.S. Global Jets ETF Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its position in 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 worth $290,000 after buying an additional 450 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of U.S. Global Jets ETF by 24.9% during the 2nd 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 during the period. Quadrature Capital Ltd purchased a new stake in U.S. Global Jets ETF in the third quarter worth about $6,509,000. NewEdge Advisors LLC increased its holdings in U.S. Global Jets ETF by 18.8% in the 1st quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock worth $66,000 after acquiring an additional 500 shares in the last quarter. Finally, Ares Financial Consulting LLC purchased a new position in shares of U.S. Global Jets ETF in the fourth quarter valued at about $49,000.

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.