JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Reaches New 52-Week High – Time to Buy?

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) shares 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 changing hands. The stock had previously closed at $103.35.

JPMorgan U.S. Tech Leaders ETF Stock Up 1.7%

The stock has a market capitalization of $4.22 billion, a P/E ratio of 47.07 and a beta of 1.71. The firm’s 50 day simple moving average is $91.57 and its two-hundred day simple moving average is $89.50.

Institutional Investors Weigh In On JPMorgan U.S. Tech Leaders ETF

Several hedge funds and other institutional investors have recently made changes to their positions in JTEK. JPMorgan Chase & Co. increased its position in shares of JPMorgan U.S. Tech Leaders ETF by 17.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,597,385 shares of the company’s stock worth $414,099,000 after acquiring an additional 672,534 shares in the last quarter. Vestor Capital LLC increased its position in shares of JPMorgan U.S. Tech Leaders ETF by 5,221.0% during the first quarter. Vestor Capital LLC now owns 361,189 shares of the company’s stock worth $28,729,000 after acquiring an additional 354,401 shares in the last quarter. Royal Bank of Canada increased its position in shares of JPMorgan U.S. Tech Leaders ETF by 208.2% during the fourth quarter. Royal Bank of Canada now owns 332,503 shares of the company’s stock worth $29,949,000 after acquiring an additional 224,634 shares in the last quarter. LPL Financial LLC increased its position in shares of JPMorgan U.S. Tech Leaders ETF by 46.2% during the fourth quarter. LPL Financial LLC now owns 538,269 shares of the company’s stock worth $48,483,000 after acquiring an additional 170,110 shares in the last quarter. Finally, Assetmark Inc. bought a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the fourth quarter worth about $8,669,000.

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.