JPMorgan Chase & Co. Reduces Holdings in U.S. Global Jets ETF $JETS

JPMorgan Chase & Co. decreased its position in shares of U.S. Global Jets ETF (NYSEARCA:JETSFree Report) by 20.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,905,784 shares of the company’s stock after selling 729,060 shares during the quarter. JPMorgan Chase & Co. owned approximately 8.90% of U.S. Global Jets ETF worth $71,628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in U.S. Global Jets ETF by 18.8% during the first quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock valued at $66,000 after purchasing an additional 500 shares during the last quarter. RPg Family Wealth Advisory LLC raised its position 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 valued at $650,000 after purchasing an additional 838 shares during the period. Finally, Leuthold Group LLC lifted its stake in shares of U.S. Global Jets ETF by 2.6% during the 2nd quarter. Leuthold Group LLC now owns 53,461 shares of the company’s stock valued at $1,228,000 after buying an additional 1,380 shares in the last quarter.

U.S. Global Jets ETF Trading Up 1.1%

JETS opened at $28.82 on Wednesday. U.S. Global Jets ETF has a 12 month low of $17.11 and a 12 month high of $31.33. The company has a market cap of $857.40 million, a PE ratio of 9.62 and a beta of 1.33. The company has a 50 day moving average of $28.97 and a 200 day moving average of $26.78.

U.S. Global Jets ETF Announces Dividend

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

U.S. Global Jets ETF Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for U.S. Global Jets ETF (NYSEARCA:JETS)

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