U.S. Global Jets ETF (NYSEARCA:JETS) Sets New 1-Year High – Here’s Why

U.S. Global Jets ETF (NYSEARCA:JETS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $31.30 and last traded at $31.1350, with a volume of 778465 shares. The stock had previously closed at $31.16.

U.S. Global Jets ETF Stock Performance

The stock has a market capitalization of $921.95 million, a PE ratio of 9.62 and a beta of 1.33. The business’s 50-day moving average price is $28.47 and its 200 day moving average price is $26.30.

U.S. Global Jets ETF Dividend Announcement

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

Institutional Investors Weigh In On U.S. Global Jets ETF

Several hedge funds have recently bought and sold shares of JETS. Ares Financial Consulting LLC purchased a new position in U.S. Global Jets ETF in the 4th quarter worth approximately $49,000. NewEdge Advisors LLC lifted its holdings 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 worth $66,000 after acquiring an additional 500 shares during the last quarter. Private Trust Co. NA grew its position in U.S. Global Jets ETF by 48.1% in the fourth quarter. Private Trust Co. NA now owns 7,403 shares of the company’s stock worth $208,000 after acquiring an additional 2,403 shares in the last quarter. Janney Montgomery Scott LLC grew its position in U.S. Global Jets ETF by 3.7% in the second quarter. Janney Montgomery Scott LLC now owns 12,617 shares of the company’s stock worth $290,000 after acquiring an additional 450 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC increased its stake in 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 valued at $650,000 after acquiring an additional 838 shares during the last quarter.

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.