Prospective JETS investors will find interesting the industry outlooks held by CEOs of some of the new ETF’s holdings. As Frank Holmes of U.S. Global Investors notes, American CEO Doug Parker recently told that company’s board he wants to be compensated in shares while foregoing a traditional salary.
“Fellow airline executive Maurice J. Gallagher Jr. of Allegiant Air has also passed on cash, receiving a little over half a million dollars in stock and options in 2013 alone,” according to Holmes.
Allegiant Travel (NasdaqGS: ALGT), parent company of Allegiant Air, is the ninth-largest holding in JETS at a weight of almost 3.5%.
JETS Top 10 Holdings