Foundry Financial Group Inc. Cuts Position in JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK)

Foundry Financial Group Inc. lessened its holdings in JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,136 shares of the company’s stock after selling 4,264 shares during the quarter. JPMorgan U.S. Tech Leaders ETF accounts for approximately 4.4% of Foundry Financial Group Inc.’s investment portfolio, making the stock its 6th biggest holding. Foundry Financial Group Inc. owned 0.67% of JPMorgan U.S. Tech Leaders ETF worth $7,123,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Wagner Wealth Management LLC lifted its position in shares of JPMorgan U.S. Tech Leaders ETF by 22.0% in the fourth quarter. Wagner Wealth Management LLC now owns 2,264 shares of the company’s stock worth $171,000 after purchasing an additional 409 shares in the last quarter. Vertex Planning Partners LLC increased its holdings in JPMorgan U.S. Tech Leaders ETF by 1.6% during the third quarter. Vertex Planning Partners LLC now owns 109,028 shares of the company’s stock worth $7,487,000 after buying an additional 1,684 shares during the last quarter. Ulland Investment Advisors LLC increased its holdings in JPMorgan U.S. Tech Leaders ETF by 8.7% during the fourth quarter. Ulland Investment Advisors LLC now owns 21,056 shares of the company’s stock worth $1,593,000 after buying an additional 1,692 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in JPMorgan U.S. Tech Leaders ETF during the third quarter worth $193,000. Finally, Circle Wealth Management LLC increased its holdings in JPMorgan U.S. Tech Leaders ETF by 73.9% during the third quarter. Circle Wealth Management LLC now owns 7,060 shares of the company’s stock worth $485,000 after buying an additional 3,000 shares during the last quarter.

JPMorgan U.S. Tech Leaders ETF Trading Down 5.1 %

Shares of JTEK opened at $71.54 on Friday. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 38.92 and a beta of 1.82. JPMorgan U.S. Tech Leaders ETF has a 1-year low of $55.66 and a 1-year high of $85.28. The company’s fifty day simple moving average is $79.53 and its 200 day simple moving average is $74.30.

About JPMorgan U.S. Tech Leaders ETF

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.