SAVE - U.S Global Jets ETF looks to 2021 recovery with new additions

The U.S. Global Jets ETF (JETS) added several airport stocks and more exposure to Asian carriers as part of its quarterly rebalancing. Spirit Airlines (SAVE) is the biggest new addition to the airlines catch-all fund, arriving with a 4% weighting of the fund. New holdings Aeroports de Paris SA (AEOXF), ANA Holdings (ALNPY), Beijing Capital International Airport Co. (BJCHF), Air China Limited (AIRYY), Japan Airport Terminal Co. (JTTRY), Japan Airlines (JAPSY), Auckland International Airport Limited (AUKNY) and Sydney Airport (SYDDF) all constitute 1% of the fund at the start. Delta Air Lines, United Airlines and Southwest Airlines still account for about 30% of the fund's holdings. Shares of JETS are down 28.29% YTD, but trade well above their 50-day, 100-day and 200-day moving averages.

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U.S Global Jets ETF looks to 2021 recovery with new additions