U.S. Global Jets ETF (NYSEARCA:JETS) Share Price Passes Above Fifty Day Moving Average of $18.51

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 $18.51 and traded as high as $19.84. U.S. Global Jets ETF shares last traded at $19.79, with a volume of 1,168,291 shares traded.

U.S. Global Jets ETF Stock Performance

The company has a fifty day simple moving average of $18.51 and a 200 day simple moving average of $19.55. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 26.39 and a beta of 1.18.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its position in shares of U.S. Global Jets ETF by 31.7% in the 4th quarter. BNP Paribas Financial Markets now owns 98,266 shares of the company’s stock worth $1,870,000 after acquiring an additional 23,673 shares in the last quarter. Ayalon Insurance Comp Ltd. grew its stake in U.S. Global Jets ETF by 4.3% during the first quarter. Ayalon Insurance Comp Ltd. now owns 87,976 shares of the company’s stock worth $1,848,000 after purchasing an additional 3,640 shares during the period. Family Firm Inc. bought a new stake in U.S. Global Jets ETF in the second quarter worth approximately $75,000. Finally, Livelsberger Financial Advisory acquired a new position in U.S. Global Jets ETF in the fourth quarter valued at approximately $26,000.

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.