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    SEC Form SC 13G filed by SkyWest Inc.

    2/8/23 12:30:04 PM ET
    $SKYW
    Air Freight/Delivery Services
    Consumer Discretionary
    Get the next $SKYW alert in real time by email
    SC 13G 1 usglbljets20230208b_sc13g.htm SCHEDULE 13G usglbljets20230208b_sc13g.htm

     


     


    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

     


     

    SCHEDULE 13G

     


     

    Under the Securities Exchange Act of 1934
    (Amendment No.             )*

     

    Skywest Inc

    (Name of Issuer)

     

    Common Stock

    (Title of Class of Securities)

     

    830879102

    (CUSIP Number)

     

                                                                              

    (Name, Address and Telephone Number of Person
    Authorized to Receive Notices and Communications)

     

    December 31, 2022

    (Date of Event which Requires Filing of this Statement)

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
    ☑  Rule 13d-1(b)
    ☐  Rule 13d-1(c)
    ☐  Rule 13d-1(d)

     

    * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

     

    The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     

     

    CUSIP No. 830879102

     

    13G

     

    Page 2 of 6

     

    1.

     

    NAMES OF REPORTING PERSONS

    U.S. Global Jets ETF

     

    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
    47-2647374

       

    2.

     

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (see instructions)
    (a)    ☐
    (b)    ☐

       

    3.

     

    SEC USE ONLY
     

       

    4.

     

    CITIZENSHIP OR PLACE OF ORGANIZATION
     
    United States

       

    NUMBER OF

    5.

     

    SOLE VOTING POWER

     

    3,506,106

    SHARES

    BENEFICIALLY

    OWNED BY

    6.

     

    SHARED VOTING POWER
     
    0

    EACH

    REPORTING

    PERSON WITH

    7.

     

    SOLE DISPOSITIVE POWER

    3,506,106

     

    8.

     

    SHARED DISPOSITIVE POWER
     
    0

    9.

     

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    3,506,106

       

    10.

     

    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
    (see instructions)    ☐

       

    11.

     

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     

    6.9293%

       

    12.

     

    TYPE OF REPORTING PERSON (see instructions)

    IV

       

     

     

     

     

     

    CUSIP No. 830879102

     

    13G

     

    Page 3 of 6

     

    Item 1.

     

     

    (a)

    Name of Issuer
    Skywest Inc

         
     

    (b)

    Address of Issuer’s Principal Executive Offices
    444 S River Rd.

    St. George, Utah 84790

    United States

         

     

    Item 2.

     

     

    (a)

    Name of Person Filing

    U.S. Global Jets ETF

         
     

    (b)

    Address of the Principal Office or, if none, residence
    615 East Michigan Street

    Milwaukee, Wisconsin 53202

         
     

    (c)

    Citizenship
    United States

         
     

    (d)

    Title of Class of Securities
    Common Stock

         
     

    (e)

    CUSIP Number
    26922A842

         

     

    Item 3.  If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

     

     

    (a)

    ☐

    Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

           
     

    (b)

    ☐

    Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

           
     

    (c)

    ☐

    Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

           
     

    (d)

    ☐

    Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

           
     

    (e)

    ☑

    An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

           
     

    (f)

    ☐

    An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

           
     

    (g)

    ☐

    A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

           
     

    (h)

    ☐

    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

           
     

    (i)

    ☐

    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

           
     

    (j)

    ☐

    Group, in accordance with §240.13d-1(b)(1)(ii)(J).

     

     

     

     

     

    CUSIP No. 830879102

     

    13G

     

    Page 4 of 6

     

    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: 3,506,106

             
     

    (b)

     

    Percent of class:   6.9293%

             
     

    (c)

     

    Number of shares as to which the person has:  

             
         

    (i)

    Sole power to vote or to direct the vote 3,506,106

             
         

    (ii)

    Shared power to vote or to direct the vote 0

             
         

    (iii)

    Sole power to dispose or to direct the disposition of 3,506,106

             
         

    (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).

     

    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.

     

    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

     

    Item 8.  Identification and Classification of Members of the Group.

     

    Not applicable

     

    Item 9.  Notice of Dissolution of Group.

     

    Not applicable

     

     

     

     

     

    CUSIP No. 830879102

     

    13G

     

    Page 5 of 6

     

    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. 830879102

     

    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

     

     

     
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