NBC Securities Inc. Has $48,000 Position in U.S. Global Jets ETF (NYSEARCA:JETS)

NBC Securities Inc. grew its stake in shares of U.S. Global Jets ETF (NYSEARCA:JETS) by 115,650.0% in the first quarter, Holdings Channel reports. The institutional investor owned 2,315 shares of the company’s stock after purchasing an additional 2,313 shares during the period. NBC Securities Inc.’s holdings in U.S. Global Jets ETF were worth $48,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC acquired a new position in U.S. Global Jets ETF in the fourth quarter worth about $25,000. Sims Investment Management LLC acquired a new position in U.S. Global Jets ETF in the fourth quarter worth about $49,000. Pinnacle Holdings LLC acquired a new position in U.S. Global Jets ETF in the fourth quarter worth about $69,000. Roxbury Financial LLC acquired a new position in U.S. Global Jets ETF in the fourth quarter worth about $73,000. Finally, DRW Securities LLC raised its position in U.S. Global Jets ETF by 23.1% in the fourth quarter. DRW Securities LLC now owns 53,767 shares of the company’s stock worth $1,363,000 after purchasing an additional 10,083 shares in the last quarter.

U.S. Global Jets ETF Stock Down 1.1%

NYSEARCA:JETS opened at $22.42 on Friday. The firm has a market capitalization of $832.90 million, a PE ratio of 11.24 and a beta of 1.33. The firm has a 50-day moving average price of $21.07 and a 200 day moving average price of $23.30. U.S. Global Jets ETF has a 12-month low of $16.48 and a 12-month high of $27.10.

U.S. Global Jets ETF 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.