U.S. Global Jets ETF (NYSEARCA:JETS) Sets New 52-Week High – Time to Buy?

U.S. Global Jets ETF (NYSEARCA:JETS)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $26.50 and last traded at $26.50, with a volume of 96758 shares trading hands. The stock had previously closed at $25.77.

U.S. Global Jets ETF Stock Up 1.7 %

The company has a market cap of $1.67 billion, a P/E ratio of 26.39 and a beta of 1.18. The stock has a 50 day moving average price of $24.93 and a two-hundred day moving average price of $21.45.

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. Halpern Financial Inc. bought a new position in shares of U.S. Global Jets ETF (NYSEARCA:JETS) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 6,930 shares of the company’s stock, valued at approximately $140,000.

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.