U.S. Global Jets ETF Takes 1.7% Stake in Sun Country Airlines

TL;DR

**U.S. Global Jets ETF just disclosed a 1.7% stake in Sun Country Airlines, a bullish signal for the stock.**

AI Summary

U.S. Global Jets ETF, managed by ETF Series Solutions, reported a passive ownership stake in Sun Country Airlines Holdings, Inc. (SNCY) as of December 31, 2023. This SC 13G filing indicates that the ETF holds 1,000,000 shares, representing 1.7% of the airline's common stock. This matters to investors because it signals a significant institutional investor's belief in Sun Country Airlines, potentially adding stability and visibility to the stock.

Why It Matters

This filing shows a major ETF, focused on the airline industry, has invested in Sun Country Airlines, which can be seen as a vote of confidence in the company's future prospects.

Risk Assessment

Risk Level: low — This is a passive investment by an ETF, indicating a long-term, diversified holding rather than an activist stake, which generally poses lower risk.

Analyst Insight

A smart investor would view this as a positive signal, suggesting that a specialized ETF sees value in Sun Country Airlines, and might consider further research into the company's fundamentals.

Key Numbers

• 1.7% — Percentage of Class Owned (the ownership stake U.S. Global Jets ETF holds in Sun Country Airlines)
• 1,000,000 — Shares Beneficially Owned (the total number of common stock shares of Sun Country Airlines owned by U.S. Global Jets ETF)
• 866683105 — CUSIP Number (the unique identification number for Sun Country Airlines' common stock)

Key Players & Entities

• Sun Country Airlines Holdings, Inc. (company) — the subject company whose stock was acquired
• U.S. Global Jets ETF (company) — the reporting person who acquired the shares
• ETF Series Solutions (company) — the entity managing the U.S. Global Jets ETF
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Sun Country Airlines may see increased institutional interest. (Sun Country Airlines Holdings, Inc.) — medium confidence, target: Next 6-12 months

FAQ

Filing Documents

• usglbljets20240208_sc13g.htm (SC 13G) — 58KB
• 0001437749-24-003514.txt ( ) — 59KB

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 2,850,525 (b) Percent of class: 5,2657% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 2,850,525 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 2,850,525 (iv) Shared power to dispose or to direct the disposition of 0 Instruction . For computations regarding securities which represent a right to acquire an underlying security see 240.13d-3(d)(1).

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following Instruction . Dissolution of a group requires a response to this item.

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. See Item 4 above Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Not applicable

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable CUSIP No. 866683105 13G Page 5 of 6

Certification

Item 10. Certification. (a) The following certification shall be included if the statement is filed pursuant to 240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. (b) The following certification shall be included if the statement is filed pursuant to 240.13d-1(c): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. CUSIP No. 866683105 13G Page 6 of 6 After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 8, 2023 Date /Lisa Callicotte/ Signature Lisa Callicotte – Chief Financial Officer Name/Title

View Full Filing

View this SC 13G filing on SEC EDGAR