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. (NASDAQ: GROW) announces the merger of its All American Equity Fund with the Global Luxury Goods Fund (USLUX), approved by shareholders. This merger is set for reorganization on December 22, 2020. Notably, USLUX, focused on the global luxury industry, has outperformed expectations since its launch on July 1, 2020, achieving a 29.49% increase compared to the S&P 1500 Composite Index's 18.82% rise. Key holdings include Tesla, Apple, and LVMH, reflecting strong performance in a challenging economic environment amidst the pandemic.
U.S. Global Investors, Inc. (GROW) announces the continuation of its monthly dividend of $0.0025 per share for the first quarter of 2021, reaffirming its commitment to returning value to shareholders. The dividend will be paid in January, February, and March, with record dates set for January 11, February 8, and March 15, along with payment dates of January 25, February 22, and March 29. With a closing price of $4.05 on December 2, 2020, the annualized yield is approximately 0.74%. Additionally, the firm is set to repurchase up to $2.75 million of its common stock throughout 2021.
U.S. Global Investors (GROW) reported strong financial results for the quarter ended September 30, 2020. Total operating revenues reached $3.2 million, a 73% increase from the prior quarter and a 300% rise year-over-year. The company achieved a net income of $1.9 million, equating to $0.13 per share, marking its best performance since 2011. Average assets under management (AUM) rose to $2.0 billion, a 61% quarterly increase and nearly 290% yearly. The U.S. Global Jets ETF (JETS) also exceeded 100 million shares outstanding, reflecting investor confidence.
U.S. Global Investors, Inc. (GROW) will conduct a webcast on November 6, 2020, at 7:30 a.m. Central Time to discuss its first-quarter 2021 financial results. Financial data will be released ahead of the webcast, where CEO Frank Holmes will share insights on the company's profitability and the strong performance of investment products. CFO Lisa Callicotte will present key financial highlights for the quarter ending September 30, 2020, and Marketing Manager Holly Schoenfeldt will outline the company's media strategy.
U.S. Global Investors (NASDAQ: GROW) announced the continuation of its monthly dividend of $0.0025 per share for Q2 2021, a practice ongoing since June 2007. As of June 30, 2020, the company’s assets under management (AUM) surged to $1.7 billion, now exceeding $2.2 billion, largely driven by the U.S. Global Jets ETF. Operating margins expanded to 30% due to reduced marketing costs relative to revenue. The firm also tracks air travel data, indicating recovery in the airline sector, which may positively influence JETS ETF performance.
U.S. Global Investors (GROW) reported a fiscal year 2020 net loss of $4.7 million, or $0.31 per share, compared to a loss of $3.4 million, or $0.22 per share, the previous year. Operating revenues increased to $4.5 million, up from $3.5 million, despite rising operating expenses of $6.9 million. The total assets under management surged over threefold to $1.7 billion, boosted by inflows into its ETFs, particularly the U.S. Global Jets ETF which reached $1.2 billion. The company maintains adequate liquidity with net working capital of $8.5 million and has repurchased shares while continuing dividends.
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.