DRW Securities LLC trimmed its stake in U.S. Global Jets ETF (NYSEARCA:JETS – Free Report) by 47.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,247 shares of the company’s stock after selling 42,756 shares during the quarter. DRW Securities LLC owned approximately 0.08% of U.S. Global Jets ETF worth $944,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets raised its position in shares of U.S. Global Jets ETF by 31.7% in the fourth quarter. BNP Paribas Financial Markets now owns 98,266 shares of the company’s stock valued at $1,870,000 after buying an additional 23,673 shares during the last quarter. Livelsberger Financial Advisory acquired a new position in U.S. Global Jets ETF in the 4th quarter valued at $26,000. Ayalon Insurance Comp Ltd. raised its holdings in U.S. Global Jets ETF by 4.3% in the 1st quarter. Ayalon Insurance Comp Ltd. now owns 87,976 shares of the company’s stock valued at $1,848,000 after acquiring an additional 3,640 shares during the last quarter. Finally, Family Firm Inc. purchased a new position in shares of U.S. Global Jets ETF during the 2nd quarter worth $75,000.
U.S. Global Jets ETF Stock Down 0.1 %
Shares of NYSEARCA:JETS opened at $19.79 on Monday. The company has a market cap of $1.26 billion, a P/E ratio of 26.39 and a beta of 1.18. The business has a fifty day simple moving average of $18.51 and a 200-day simple moving average of $19.54. U.S. Global Jets ETF has a 52 week low of $14.69 and a 52 week high of $21.38.
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.
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