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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEKGet Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $72.52 and last traded at $72.41, with a volume of 6456 shares trading hands. The stock had previously closed at $70.77.

JPMorgan U.S. Tech Leaders ETF Price Performance

The business has a 50 day simple moving average of $68.08 and a 200 day simple moving average of $66.69. The company has a market cap of $745.28 million, a price-to-earnings ratio of 47.95 and a beta of 1.82.

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

Hedge funds have recently added to or reduced their stakes in the stock. Wagner Wealth Management LLC lifted its position in shares of JPMorgan U.S. Tech Leaders ETF by 8.9% during the third quarter. Wagner Wealth Management LLC now owns 1,855 shares of the company’s stock worth $127,000 after purchasing an additional 152 shares in the last quarter. Indie Asset Partners LLC lifted its holdings in JPMorgan U.S. Tech Leaders ETF by 7.3% during the 3rd quarter. Indie Asset Partners LLC now owns 3,296 shares of the company’s stock worth $226,000 after buying an additional 225 shares in the last quarter. SilverOak Wealth Management LLC bought a new position in JPMorgan U.S. Tech Leaders ETF in the 3rd quarter valued at $264,000. Bank of New York Mellon Corp acquired a new stake in shares of JPMorgan U.S. Tech Leaders ETF in the 2nd quarter valued at $265,000. Finally, Ignite Planners LLC bought a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the second quarter worth $376,000.

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.

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