The U.S. Global Jets ETF is down 4% Wednesday, extending a two-day decline after challenging all-time highs last week.
US Global Jets ETF is rated Hold, with shares at key resistance after a 28% rally driven by falling oil prices. JETS offers solid valuation at 14.7x P/E and a sub-1x PEG, but remains highly cyclical and concentrated in Industrials. Portfolio is diversified by size, style, and geography, with Delta as the largest holding and significant SMID-cap and non-US exposure.
The U.S. Global Jets ETF (NYSEARCA:JETS) and the iShares U.S.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 317 | $8,330.95 | $9,891.98 | $1,561.03 | 18.74% |
Bank Hapoalim B.M. Bank Hapoalim B.M. | 68,608 | $1.69M | $2.15M | $457,430.4 | 27.07% |
| PHO Paul H. O'Leary Raffles Associates LP | 75,000 | $1.85M | $2.34M | $492,000 | 26.63% |
| YA Yinka Akinsola Blue Trust Inc. | 682 | $16,811.3 | $21,281.81 | $4,470.51 | 26.59% |
Jeff Ameen Spire Wealth Management | 300 | $5,898 | $9,255 | $3,357 | 56.92% |
| ARCA Exchange | US Country |
The fund described operates on a passive management or indexing approach, aiming to replicate the performance of its benchmark index prior to the deduction of fees and expenses. This index includes a specific focus on the aviation sector, encompassing a wide range of entities involved in the airline industry. It spans from U.S. and international passenger airlines to aircraft manufacturers, and extends to include airports, terminal services companies, as well as firms related to airline internet media and services. The determination of the compositions of the index is based on independent industry listings, categorizing all mentioned entities under "Airline Companies." This investment fund is distinguished by its non-diversification, indicating a focused investment strategy primarily within the defined sector of airline companies.
This core service involves the strategic replication of the performance of a specially curated index of airline companies, before the imposition of fees and expenses. The index encompasses a diverse range of entities within the airline industry, including passenger airlines, aircraft manufacturers, airports, and other related services. Through passive management or indexing, the fund aims to provide investors with exposure to the airline industry's growth and performance, leveraging the expertise of independent industry listings to select index components.