U.S. Global Jets ETF (NYSEARCA:JETS) Hits New 1-Year High – Time to Buy?

U.S. Global Jets ETF (NYSEARCA:JETS)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $33.98 and last traded at $33.91, with a volume of 133574 shares traded. The stock had previously closed at $33.23.

U.S. Global Jets ETF Stock Performance

The firm has a market cap of $957.82 million, a price-to-earnings ratio of 9.62 and a beta of 1.18. The business has a fifty day moving average of $28.59 and a two-hundred day moving average of $27.93.

Institutional Trading of U.S. Global Jets ETF

Several large investors have recently bought and sold shares of the company. Flow Traders U.S. LLC purchased a new position in shares of U.S. Global Jets ETF in the third quarter valued at $8,584,000. Quadrature Capital Ltd purchased a new stake in shares of U.S. Global Jets ETF in the 3rd quarter worth about $6,509,000. Quantitative Investment Management LLC purchased a new stake in shares of U.S. Global Jets ETF in the 4th quarter worth about $3,833,000. Marshall Wace LLP acquired a new stake in U.S. Global Jets ETF in the 4th quarter valued at about $1,677,000. Finally, Janney Montgomery Scott LLC grew its stake in U.S. Global Jets ETF by 9.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,307 shares of the company’s stock valued at $1,067,000 after acquiring an additional 3,871 shares during the last quarter.

About U.S. Global Jets ETF

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.