Welcome to our dedicated page for US Global Invstr news (Ticker: GROW), a resource for investors and traders seeking the latest updates and insights on US Global Invstr stock.
U.S. Global Investors, Inc. (NASDAQ: GROW) is a San Antonio, Texas-based registered investment adviser that regularly issues news and updates about its specialized investment strategies and financial performance. This news page aggregates company press releases and third-party coverage related to its role as adviser to U.S. Global Investors Funds and U.S. Global ETFs.
Readers can find announcements on earnings and results of operations, which the company also furnishes to the U.S. Securities and Exchange Commission via Form 8-K. These releases discuss topics such as changes in assets under management, investment income, operating revenues, shareholder yield, liquidity and capital resources. The company also reports on Board-approved monthly dividends and activity under its share repurchase program.
News items highlight sector-focused ETFs for which U.S. Global Investors serves as investment adviser. Examples include the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU), the U.S. Global Jets ETF (JETS), the U.S. Global Technology and Aerospace & Defense ETF (WAR) and the U.S. Global Sea to Sky Cargo ETF (SEA). Articles describe how these funds apply Smart Beta 2.0 or active management approaches to areas such as gold and precious metals, airlines, defense and technology, and global shipping and air freight.
Company communications also cover developments like GOAU’s transition from passive indexing to active management, international listings of ETFs on exchanges in Mexico and Colombia, and thematic commentary on gold, airlines, defense spending and the so‑called Fear Trade. In addition, U.S. Global Investors occasionally publishes news about community initiatives, such as its partnership with Keystone School to support a Model United Nations program.
Investors and researchers can use this page to review historical and recent news on GROW, including dividend declarations, ETF milestones, webcast announcements and sector commentary directly from U.S. Global Investors.
U.S. Global Investors, Inc. (GROW) announces the continuation of its monthly dividend payments, declaring $0.0050 per share starting July 2021 through September 2021. The record dates are July 12, August 16, and September 13, with payment dates on July 26, August 30, and September 27. As of May 28, 2021, this dividend reflects a 0.96% yield based on a closing stock price of $6.22. Future dividends will depend on the company's financial performance and general market conditions, as determined at the discretion of the board.
U.S. Global Investors (NASDAQ: GROW) reported significant financial gains for the quarter ending March 31, 2021. The company achieved total operating revenues of $6.4 million, up 23% QoQ and 595% YoY. Net income surged to $14.2 million, or $0.94 per share, compared to a net loss of $1.6 million a year prior. Assets under management (AUM) reached $4.6 billion, marking over a 590% increase YoY. The U.S. Global Jets ETF (JETS) saw inflows reaching $4.0 billion, driven by a rebound in travel demand due to vaccine rollouts. The company also engaged in investments in HIVE Blockchain Technologies.
U.S. Global Investors (GROW) will host a webcast on May 10, 2021, at 7:30 a.m. CT to discuss its Q3 2021 results. The event will include updates on the company's profitability and the strong performance of its investment products, alongside insights on HIVE Blockchain Technologies, which offers strategic exposure to the cryptocurrency market. Financial figures for the quarter will be released prior to the webcast. Key executives will present various highlights, including financial metrics and media strategies.
U.S. Global Investors, Inc. (Nasdaq: GROW) will host a webcast on May 10, 2021, at 7:30 a.m. Central time to discuss its third-quarter 2021 results. Financial data will be released prior to the event. CEO Frank Holmes will update on profitability and investment product performance, while CFO Lisa Callicotte will provide financial highlights for the quarter ending March 31, 2021. Marketing manager Holly Schoenfeldt will share insights on the company's media strategy. For more details, visit www.usfunds.com.
U.S. Global Investors, a registered investment advisory firm, announced that its airlines ETF, the U.S. Global Jets ETF (JETS), is now cross-listed on the Mexican Stock Exchange (BMV). This listing expands JETS' global reach, allowing Mexican investors to access the fund. JETS has seen significant growth, reaching $4.16 billion in assets under management as of April 7, 2021, representing a 1,150% increase from the previous year. The CEO expressed optimism for the airline industry in 2021 due to rising vaccination rates and increasing demand for air travel.
U.S. Global Investors, Inc. (GROW) has announced the continuation of its monthly dividend payments, maintaining a rate of $0.0050 per share from April through June 2021. This follows a recent 100% increase in the dividend amount, effective February 2021, which raised the monthly payout from $0.0025 per share. The annualized yield at the March 17, 2021 closing price of $7.90 stands at 0.76%. Future dividends will be assessed by the board based on the company's financial performance and other critical factors.
U.S. Global Investors (GROW) announced that its U.S. Global Jets ETF (JETS) has surpassed $4 billion in assets under management (AUM), marking a 2,600% increase year-over-year. JETS also reached a 52-week high of $28.59, up 140% from its pandemic low. Increased trading volume was noted, with average daily trades rising to approximately 6.7 million. Airport screenings indicate a recovery in flight demand, with nearly 1.4 million passengers screened on March 12, 2021. The U.S. vaccination campaign supports continued recovery in air travel and tourism.
U.S. Global Investors (NASDAQ: GROW) announced a 100% increase in its monthly dividend, raising it from $0.0025 to $0.0050 per share. Shareholders will receive an additional payment of $0.0025 on February 26, alongside the previously approved payment of $0.0025 on February 22. For March, the dividend will be paid at the higher rate of $0.005 on March 29. CEO Frank Holmes highlighted this increase as a reflection of the board's confidence in the company's growth in revenues and cash flow.
U.S. Global Investors (NASDAQ: GROW) reported robust financial results for Q2 FY2021, highlighting a remarkable 60% quarter-over-quarter and 480% year-over-year increase in operating revenues. Net income surged to $16.7 million ($1.10 per share), marking a $17.7 million improvement YoY. The company saw significant growth in assets under management (AUM), totaling $3.5 billion, a 530% increase YoY. A monthly dividend increase to $0.005 per share was announced, with expected cash dividends totaling approximately $188,000 for January to March 2021.
U.S. Global Investors, Inc. (GROW) will host a webcast on February 5, 2021, at 7:30 a.m. Central time to discuss its second-quarter 2021 results. Financial data will be released before the event. CEO Frank Holmes will address the company’s profitability and investment product performance, while CFO Lisa Callicotte will highlight financial achievements for the quarter ended December 31, 2020. Marketing manager Holly Schoenfeldt will outline the company's marketing strategy. Investors can register for the webcast via the provided link.