U.S. Global Jets ETF (NYSEARCA:JETS) Trading Up 3.5%

U.S. Global Jets ETF (NYSEARCA:JETS) traded up 3.5% during trading on Wednesday . The company traded as high as $20.08 and last traded at $20.04. 917,140 shares traded hands during trading, a decline of 76% from the average session volume of 3,881,811 shares. The stock had previously closed at $19.37.

U.S. Global Jets ETF Trading Up 1.4 %

The firm has a market cap of $1.25 billion, a PE ratio of 25.47 and a beta of 1.22. The business’s 50-day simple moving average is $20.09 and its 200 day simple moving average is $18.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JETS. Laurel Wealth Advisors Inc. grew its position in shares of U.S. Global Jets ETF by 12.0% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 165,789 shares of the company’s stock worth $3,608,000 after buying an additional 17,771 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of U.S. Global Jets ETF in the 1st quarter worth approximately $1,771,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of U.S. Global Jets ETF in the 1st quarter worth approximately $326,000. Turim 21 Investimentos Ltda. purchased a new position in shares of U.S. Global Jets ETF in the 1st quarter worth approximately $114,000. Finally, Neuberger Berman Group LLC grew its position in shares of U.S. Global Jets ETF by 105.4% in the 1st quarter. Neuberger Berman Group LLC now owns 29,038 shares of the company’s stock worth $632,000 after buying an additional 14,900 shares during the last quarter.

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.