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

U.S. Global Jets ETF (NYSEARCA:JETS)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $25.46 and traded as high as $26.21. U.S. Global Jets ETF shares last traded at $26.18, with a volume of 1,078,551 shares changing hands.

U.S. Global Jets ETF Stock Up 0.6 %

The company has a market capitalization of $1.67 billion, a P/E ratio of 26.39 and a beta of 1.18. The firm has a fifty day simple moving average of $25.46 and a 200-day simple moving average of $22.08.

Institutional Trading of U.S. Global Jets ETF

Institutional investors have recently modified their holdings of the company. Flow Traders U.S. LLC grew its stake in shares of U.S. Global Jets ETF by 186.7% in the third quarter. Flow Traders U.S. LLC now owns 142,713 shares of the company’s stock valued at $2,957,000 after buying an additional 92,939 shares in the last quarter. Halpern Financial Inc. acquired a new stake in U.S. Global Jets ETF in the third quarter valued at $140,000. Finally, Avior Wealth Management LLC grew its position in shares of U.S. Global Jets ETF by 656.8% in the 4th quarter. Avior Wealth Management LLC now owns 1,438 shares of the company’s stock valued at $36,000 after acquiring an additional 1,248 shares during the period.

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.