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

Shares of U.S. Global Jets ETF (NYSEARCA:JETS) hit a new 52-week high on Tuesday . The stock traded as high as $21.50 and last traded at $21.50, with a volume of 22984 shares traded. The stock had previously closed at $21.24.

U.S. Global Jets ETF Trading Up 4.1 %

The business has a 50-day moving average price of $19.26 and a 200-day moving average price of $19.61. The stock has a market cap of $1.42 billion, a PE ratio of 26.39 and a beta of 1.18.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Family Firm Inc. acquired a new position in U.S. Global Jets ETF in the 2nd quarter valued at $75,000. Halpern Financial Inc. acquired a new stake in shares of U.S. Global Jets ETF in the third quarter valued at about $140,000. Finally, Ayalon Insurance Comp Ltd. raised its position in shares of U.S. Global Jets ETF by 4.3% in the first quarter. Ayalon Insurance Comp Ltd. now owns 87,976 shares of the company’s stock valued at $1,848,000 after buying an additional 3,640 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.