JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Reaches New 1-Year High – Should You Buy?

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEKGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $111.49 and last traded at $111.45, with a volume of 162798 shares trading hands. The stock had previously closed at $108.08.

JPMorgan U.S. Tech Leaders ETF Stock Performance

The firm has a market capitalization of $4.40 billion, a P/E ratio of 47.07 and a beta of 1.76. The business has a 50 day simple moving average of $102.47 and a two-hundred day simple moving average of $92.11.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new stake in JPMorgan U.S. Tech Leaders ETF in the fourth quarter valued at approximately $26,000. International Assets Investment Management LLC bought a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth $43,000. Comprehensive Financial Planning Inc. PA grew its position in 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 worth $44,000 after acquiring an additional 235 shares in the last quarter. Advisory Services Network LLC bought a new position in JPMorgan U.S. Tech Leaders ETF in the third quarter valued at $56,000. Finally, Capital Investment Advisory Services LLC purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the fourth quarter valued at about $64,000.

JPMorgan U.S. Tech Leaders ETF Company Profile

(Get Free Report)

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.

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