The bank has outperform ratings on Delta (NYSE: DAL), Southwest (NYSE: LUV), United Continental (NYSE: UAL) and JetBlue (NasdaqGS: JBLU), according to Barron’s. Those are four of JETS’ five largest holdings and the quartet combines for 37.8% of the ETF’s weight.
JETS tracks U.S. Global Jets Index, which is comprised of U.S. and international passenger airline companies, aircraft manufacturers and airports and terminal services companies. The universe of airline companies around the globe is screened for investability, a minimum market cap of $100 million and liquidity. The underlying index will hold between 30 and 35 airline companies. [New Airline ETF Takes Off]
The ETF, which debuted at the end of April, is home to 30 stocks and $18.4 million in assets under management.
U.S. Global Jets ETF
