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

U.S. Global Jets ETF (NYSEARCA:JETS)’s stock price reached a new 52-week high on Monday . The company traded as high as $29.14 and last traded at $29.1130, with a volume of 695442 shares. The stock had previously closed at $28.74.

U.S. Global Jets ETF Trading Down 0.5%

The firm has a market cap of $931.83 million, a PE ratio of 9.62 and a beta of 1.33. The business’s 50-day simple moving average is $26.05 and its 200 day simple moving average is $25.11.

U.S. Global Jets ETF Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 26th. Investors of record on Wednesday, December 24th will be issued a dividend of $0.2329 per share. This represents a yield of 82.0%. The ex-dividend date of this dividend is Wednesday, December 24th.

Institutional Trading of U.S. Global Jets ETF

Several hedge funds and other institutional investors have recently bought and sold shares of JETS. JPMorgan Chase & Co. raised its position in shares of U.S. Global Jets ETF by 24.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,634,844 shares of the company’s stock worth $83,492,000 after acquiring an additional 724,885 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in U.S. Global Jets ETF in the third quarter valued at about $8,584,000. Quadrature Capital Ltd purchased a new position in U.S. Global Jets ETF in the third quarter valued at about $6,509,000. Leuthold Group LLC raised its holdings in U.S. Global Jets ETF by 2.6% in the second quarter. Leuthold Group LLC now owns 53,461 shares of the company’s stock worth $1,228,000 after purchasing an additional 1,380 shares in the last quarter. Finally, OLD Mission Capital LLC lifted its position in shares of U.S. Global Jets ETF by 454.0% during the first quarter. OLD Mission Capital LLC now owns 48,719 shares of the company’s stock valued at $1,012,000 after buying an additional 39,925 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.