U.S. Global Jets ETF (NYSEARCA:JETS) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

U.S. Global Jets ETF (NYSEARCA:JETS)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $25.14 and traded as high as $26.31. U.S. Global Jets ETF shares last traded at $26.19, with a volume of 1,980,139 shares trading hands.

U.S. Global Jets ETF Stock Up 0.7 %

The company has a fifty day simple moving average of $25.14 and a 200 day simple moving average of $21.67. The firm has a market capitalization of $1.67 billion, a P/E ratio of 26.39 and a beta of 1.18.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC increased its position in shares of U.S. Global Jets ETF by 186.7% during the 3rd quarter. Flow Traders U.S. LLC now owns 142,713 shares of the company’s stock valued at $2,957,000 after purchasing an additional 92,939 shares during the last quarter. Halpern Financial Inc. bought a new position in U.S. Global Jets ETF in the third quarter worth approximately $140,000. Finally, Avior Wealth Management LLC boosted its stake in shares of U.S. Global Jets ETF by 656.8% during the 4th quarter. Avior Wealth Management LLC now owns 1,438 shares of the company’s stock worth $36,000 after acquiring an additional 1,248 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.