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

U.S. Global Jets ETF (NYSEARCA:JETS) shares reached a new 52-week high on Monday . The company traded as high as $22.90 and last traded at $22.90, with a volume of 14079 shares trading hands. The stock had previously closed at $22.54.

U.S. Global Jets ETF Trading Up 2.4 %

The company’s 50 day moving average is $19.97 and its 200-day moving average is $19.72. The stock has a market cap of $1.47 billion, a PE ratio of 26.39 and a beta of 1.18.

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

An institutional investor recently bought a new position in U.S. Global Jets ETF stock. Family Firm Inc. acquired a new position in shares of U.S. Global Jets ETF (NYSEARCA:JETS) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,819 shares of the company’s stock, valued at approximately $75,000.

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.