US Global Invstr Stock Price, News & Analysis

U.S. Global Investors, Inc. (GROW) announced a webcast on September 11, 2020, at 7:30 a.m. Central time to discuss fiscal year 2020 results. Financial data will be shared prior to the event. CEO Frank Holmes will update on assets under management and investment product performance. CFO Lisa Callicotte will overview the fiscal year financial highlights ending June 30, 2020. Marketing manager Holly Schoenfeldt will discuss the company’s press strategy. For more information, visit www.usfunds.com.

U.S. Global Investors, Inc. (GROW) announced that its U.S. Global Jets ETF (JETS) is now trading on multiple platforms at Morgan Stanley, effective August 17, 2020. This inclusion allows a wider range of investors access to JETS, which remains the only ETF providing comprehensive exposure to the global airline industry. The announcement follows a notable recovery in commercial air travel, with 863,000 flights recorded on August 16, marking a significant increase from pandemic lows. The ETF continues to gain traction as investors anticipate a potential COVID-19 vaccine.

U.S. Global Investors (GROW) announced that its airlines ETF, the U.S. Global Jets ETF (JETS), is now available for trading on Wells Fargo Advisors' platforms, effective August 4. This follows a similar approval by Citi Personal Wealth Management on July 20. CEO Frank Holmes noted a significant rise in air travel, with U.S. carriers screening nearly 800,000 passengers on August 2, a 9-fold increase from April lows. However, potential risks remain due to ongoing COVID-19 impacts, fuel prices, and economic downturns affecting airline demand.

U.S. Global Investors, Inc. (GROW) announced the successful approval of its airlines ETF, the U.S. Global Jets ETF (JETS), for trading on Citi’s platform, effective July 20. This follows JETS surpassing $1 billion in assets under management, attributed to increased investor interest during the pandemic. Additionally, the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) recently hit an all-time high, fueled by rising gold prices above $1,840 an ounce. The firm's total assets under management climbed to $1.7 billion, a 157% increase from the previous quarter.

U.S. Global Investors (GROW) announced that its U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) has surpassed $100 million in assets under management (AUM) for the first time since its launch in June 2017. As of July 8, 2020, GOAU's AUM reached $100.5 million, while its share price closed at a record high of $22.35 for four consecutive trading sessions. The CEO emphasized that this milestone may improve GOAU's distribution opportunities with broker-dealers. The firm also highlighted the performance of its U.S. Global Jets ETF (JETS), which recently exceeded $1 billion in AUM.

U.S. Global Investors, Inc. (GROW) announced a strategic rebranding of its Holmes Macro Trends Fund, now named the Global Luxury Goods Fund (USLUX), effective July 1, 2020. This fund focuses on investing in non-essential luxury goods, which have historically outpaced sales growth compared to basic household products. The fund's benchmark will be the S&P Global Luxury Index, comprising 80 major companies in the luxury goods sector. The change aims to provide investors with better access to high-demand, discretionary markets.

U.S. Global Investors, Inc. (GROW) announced the continuation of its monthly dividend payments during the first fiscal quarter of 2021, with a dividend of $0.0025 per share starting in July 2020. Record dates are July 13, August 17, and September 14, while payment dates are July 27, August 31, and September 28. This marks over 11 years of consistent monthly dividends. At a closing price of $2.33 on June 3, 2020, the dividend represents an annualized yield of 1.29%. Future dividends will depend on the company's financial performance.

U.S. Global Investors announced a significant milestone for its U.S. Global Jets ETF (GROW), with assets under management surpassing $1 billion, marking a 30-fold increase since March. This growth follows substantial inflows from value investors post-COVID-19 travel restrictions and increased interest from retail investors, especially on platforms like Robinhood. The ETF reached a record trading volume of 12.6 million shares on May 27. The recovery in air travel is reflected in TSA passenger screenings, which have surged over 300% since April lows.

U.S. Global Investors, Inc. (Nasdaq: GROW) will conduct a webcast on May 15, 2020, at 7:30 a.m. Central time to discuss its third-quarter fiscal year 2020 results. Financial data will be published before the webcast. Frank Holmes, CEO and chief investment officer, along with CFO Lisa Callicotte and marketing manager Holly Schoenfeldt, will participate. Interested parties can register for the webcast or find more information at www.usfunds.com.