JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Hits New 12-Month High – What’s Next?

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $105.97 and last traded at $105.34, with a volume of 11661 shares traded. The stock had previously closed at $103.35.

JPMorgan U.S. Tech Leaders ETF Trading Up 2.2%

The firm has a market capitalization of $4.19 billion, a PE ratio of 47.07 and a beta of 1.71. The firm’s fifty day moving average price is $90.61 and its 200 day moving average price is $89.33.

Hedge Funds Weigh In On JPMorgan U.S. Tech Leaders ETF

A number of institutional investors have recently added to or reduced their stakes in JTEK. Farther Finance Advisors LLC purchased a new stake in shares of JPMorgan U.S. Tech Leaders ETF in the 4th quarter valued at $26,000. International Assets Investment Management LLC purchased a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the fourth quarter worth approximately $43,000. Comprehensive Financial Planning Inc. PA boosted its stake in shares of JPMorgan U.S. Tech Leaders ETF by 97.5% in the third quarter. Comprehensive Financial Planning Inc. PA now owns 476 shares of the company’s stock valued at $44,000 after buying an additional 235 shares in the last quarter. Advisory Services Network LLC purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the third quarter worth about $56,000. Finally, Capital Investment Advisory Services LLC purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the fourth quarter worth $64,000.

JPMorgan U.S. Tech Leaders ETF Company Profile

The JPMorgan U.S. Tech Leaders ETF JPMorgan U.S. Tech Leaders ETF (JTEK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that identifies US equities that are perceived as leaders in technology and technology-enabled industries such as engineering & construction, entertainment, biotechnology, pharmaceuticals, REITs, and energy-alternate sources. JTEK was launched on Oct 4, 2023 and is issued by JPMorgan Chase.