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 (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.