U.S. Global Jets ETF (NYSEARCA:JETS) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

U.S. Global Jets ETF (NYSEARCA:JETS)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $28.57 and traded as low as $24.21. U.S. Global Jets ETF shares last traded at $24.22, with a volume of 8,614,090 shares traded.

U.S. Global Jets ETF Stock Performance

The firm has a market capitalization of $720.55 million, a PE ratio of 9.62 and a beta of 1.33. The firm’s 50-day moving average is $28.57 and its 200 day moving average is $26.88.

U.S. Global Jets ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a $0.2329 dividend. This represents a dividend yield of 82.0%. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JETS. NewEdge Advisors LLC raised its position in shares of U.S. Global Jets ETF by 18.8% during the 1st quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock worth $66,000 after purchasing an additional 500 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in U.S. Global Jets ETF by 24.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,634,844 shares of the company’s stock valued at $83,492,000 after buying an additional 724,885 shares during the last quarter. Leuthold Group LLC grew its holdings in U.S. Global Jets ETF by 2.6% during the 2nd quarter. Leuthold Group LLC now owns 53,461 shares of the company’s stock valued at $1,228,000 after buying an additional 1,380 shares during the last quarter. RPg Family Wealth Advisory LLC increased its position in U.S. Global Jets ETF by 3.1% during the second quarter. RPg Family Wealth Advisory LLC now owns 28,288 shares of the company’s stock worth $650,000 after buying an additional 838 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in U.S. Global Jets ETF during the third quarter worth $6,509,000.

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.