U.S. Global Jets ETF (NYSEARCA:JETS) Stock Crosses Above Fifty Day Moving Average – What’s Next?

by · The Markets Daily

U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $30.53 and traded as high as $31.79. U.S. Global Jets ETF shares last traded at $31.68, with a volume of 1,459,358 shares changing hands.

U.S. Global Jets ETF Stock Down 1.3%

The business’s fifty day moving average is $30.62 and its two-hundred day moving average is $28.29. The firm has a market cap of $775.74 million, a price-to-earnings ratio of 9.62 and a beta of 1.18.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in shares of 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 worth $66,000 after acquiring an additional 500 shares during the last quarter. Ares Financial Consulting LLC bought a new position in U.S. Global Jets ETF in the fourth quarter valued at about $49,000. Private Trust Co. NA boosted its holdings 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 valued at $208,000 after acquiring an additional 2,403 shares during the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in U.S. Global Jets ETF in the fourth quarter worth about $85,000. Finally, RPg Family Wealth Advisory LLC increased its position in U.S. Global Jets ETF by 10.5% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 34,257 shares of the company’s stock worth $962,000 after purchasing an additional 3,258 shares during the period.

About U.S. Global Jets ETF

(Get 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.

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