U.S. Global Jets ETF (NYSEARCA:JETS) Sets New 1-Year High – What’s Next?

U.S. Global Jets ETF (NYSEARCA:JETS) shares hit a new 52-week high on Wednesday . The stock traded as high as $24.44 and last traded at $24.32, with a volume of 296400 shares trading hands. The stock had previously closed at $23.34.

U.S. Global Jets ETF Price Performance

The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 26.39 and a beta of 1.18. The stock’s 50 day simple moving average is $20.66 and its 200-day simple moving average is $19.87.

Institutional Trading of U.S. Global Jets ETF

An institutional investor recently bought a new position in U.S. Global Jets ETF stock. Halpern Financial Inc. acquired a new position in shares of U.S. Global Jets ETF (NYSEARCA:JETS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,930 shares of the company’s stock, valued at approximately $140,000.

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.