U.S. Global Jets ETF (NYSEARCA:JETS) Hits New 52-Week High – Here’s What Happened

U.S. Global Jets ETF (NYSEARCA:JETS)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $26.72 and last traded at $26.54, with a volume of 328023 shares. The stock had previously closed at $26.19.

U.S. Global Jets ETF Price Performance

The stock has a market cap of $1.69 billion, a PE ratio of 26.39 and a beta of 1.18. The company has a 50 day moving average price of $25.25 and a two-hundred day moving average price of $21.84.

Institutional Trading of U.S. Global Jets ETF

A number of large investors have recently made changes to their positions in JETS. Flow Traders U.S. LLC grew its holdings in shares of U.S. Global Jets ETF by 186.7% in the third quarter. Flow Traders U.S. LLC now owns 142,713 shares of the company’s stock worth $2,957,000 after acquiring an additional 92,939 shares during the period. Halpern Financial Inc. purchased a new position in U.S. Global Jets ETF in the third quarter worth about $140,000. Finally, Avior Wealth Management LLC grew its stake in shares of U.S. Global Jets ETF by 656.8% during the 4th quarter. Avior Wealth Management LLC now owns 1,438 shares of the company’s stock valued at $36,000 after purchasing an additional 1,248 shares during the period.

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.