Sims Investment Management LLC Invests $49,000 in U.S. Global Jets ETF (NYSEARCA:JETS)

Sims Investment Management LLC purchased a new position in shares of U.S. Global Jets ETF (NYSEARCA:JETS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,925 shares of the company’s stock, valued at approximately $49,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC grew its holdings in shares of U.S. Global Jets ETF by 656.8% during the fourth quarter. Avior Wealth Management LLC now owns 1,438 shares of the company’s stock worth $36,000 after buying an additional 1,248 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of U.S. Global Jets ETF during the fourth quarter worth about $73,000. Leuthold Group LLC purchased a new stake in shares of U.S. Global Jets ETF during the fourth quarter worth about $1,095,000. Finally, Flow Traders U.S. LLC grew its holdings in shares of U.S. Global Jets ETF by 186.7% during the third quarter. Flow Traders U.S. LLC now owns 142,713 shares of the company’s stock worth $2,957,000 after buying an additional 92,939 shares in the last quarter.

U.S. Global Jets ETF Price Performance

Shares of NYSEARCA JETS opened at $24.44 on Friday. U.S. Global Jets ETF has a 12 month low of $16.48 and a 12 month high of $27.10. The company has a 50-day simple moving average of $25.76 and a 200-day simple moving average of $23.09. The company has a market cap of $901.84 million, a PE ratio of 11.94 and a beta of 1.40.

U.S. Global Jets ETF 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.