U.S. Global Jets ETF (NYSEARCA:JETS) Reaches New 52-Week High – Here’s Why

U.S. Global Jets ETF (NYSEARCA:JETS) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $24.44 and last traded at $24.32, with a volume of 296400 shares traded. The stock had previously closed at $23.34.

U.S. Global Jets ETF Trading Up 5.0 %

The company’s 50-day moving average is $20.66 and its 200 day moving average is $19.87. The firm has a market cap of $1.56 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 stake in shares of U.S. Global Jets ETF (NYSEARCA:JETS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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.