U.S. Global Jets ETF (NYSEARCA:JETS) Shares Break Below 50 Day Moving Average – Here’s Why

by · The Markets Daily

Shares of U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report) passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $28.38 and traded as low as $25.97. U.S. Global Jets ETF shares last traded at $26.41, with a volume of 6,171,539 shares traded.

U.S. Global Jets ETF Price Performance

The company has a market capitalization of $754.29 million, a P/E ratio of 9.62 and a beta of 1.22. The stock’s 50 day moving average is $28.27 and its 200-day moving average is $28.88.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its holdings in U.S. Global Jets ETF by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 43,307 shares of the company’s stock worth $1,067,000 after purchasing an additional 3,871 shares during the period. Ibex Wealth Advisors bought a new position in shares of U.S. Global Jets ETF during the first quarter valued at approximately $323,000. Rathbones Group PLC bought a new position in shares of U.S. Global Jets ETF during the first quarter valued at approximately $228,000. Highland Investment Advisors LLC purchased a new position in shares of U.S. Global Jets ETF during the second quarter valued at approximately $167,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of U.S. Global Jets ETF by 1,730.9% during the first quarter. AdvisorNet Financial Inc now owns 4,980 shares of the company’s stock valued at $123,000 after purchasing an additional 4,708 shares during the last quarter.

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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