U.S. Global Jets ETF (NYSEARCA:JETS) Sets New 12-Month High – Time to Buy?

U.S. Global Jets ETF (NYSEARCA:JETS) shares hit a new 52-week high during trading on Tuesday . The stock 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 company has a market cap of $1.71 billion, a PE ratio of 26.39 and a beta of 1.18. The business has a 50-day moving average of $25.17 and a 200 day moving average of $21.75.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC raised its position 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. Halpern Financial Inc. purchased a new position in shares of U.S. Global Jets ETF in the third quarter valued at about $140,000. Finally, Flow Traders U.S. LLC boosted its stake 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.

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.