JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Shares Cross Below 200 Day Moving Average – What’s Next?

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $96.18 and traded as low as $92.46. JPMorgan U.S. Tech Leaders ETF shares last traded at $93.95, with a volume of 731,332 shares trading hands.

JPMorgan U.S. Tech Leaders ETF Stock Performance

The business’s 50 day moving average is $101.91 and its 200 day moving average is $96.18. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 47.07 and a beta of 1.76.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JTEK. Farther Finance Advisors LLC lifted its stake in JPMorgan U.S. Tech Leaders ETF by 420.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,482 shares of the company’s stock worth $156,000 after acquiring an additional 1,197 shares in the last quarter. Waverly Advisors LLC boosted its position in JPMorgan U.S. Tech Leaders ETF by 21.3% during the 1st quarter. Waverly Advisors LLC now owns 1,981 shares of the company’s stock worth $158,000 after acquiring an additional 348 shares during the period. Comprehensive Financial Planning Inc. PA boosted its position in JPMorgan U.S. Tech Leaders ETF by 14.4% during the 2nd quarter. Comprehensive Financial Planning Inc. PA now owns 2,114 shares of the company’s stock worth $236,000 after acquiring an additional 266 shares during the period. Legacy Solutions LLC purchased a new position in JPMorgan U.S. Tech Leaders ETF during the 2nd quarter valued at about $256,000. Finally, Gateway Wealth Partners LLC purchased a new position in JPMorgan U.S. Tech Leaders ETF during the 1st quarter valued at about $207,000.

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.