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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEKGet Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $78.40 and last traded at $78.36, with a volume of 3028 shares. The stock had previously closed at $77.45.

JPMorgan U.S. Tech Leaders ETF Trading Up 1.3 %

The company’s 50 day simple moving average is $71.82 and its 200 day simple moving average is $68.31. The stock has a market capitalization of $798.93 million, a PE ratio of 47.95 and a beta of 1.82.

Hedge Funds Weigh In On JPMorgan U.S. Tech Leaders ETF

A number of hedge funds have recently made changes to their positions in JTEK. Wagner Wealth Management LLC grew its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 8.9% during the 3rd quarter. Wagner Wealth Management LLC now owns 1,855 shares of the company’s stock worth $127,000 after purchasing an additional 152 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of JPMorgan U.S. Tech Leaders ETF in the 3rd quarter valued at $193,000. Indie Asset Partners LLC lifted its holdings in shares of 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 valued at $226,000 after acquiring an additional 225 shares in the last quarter. World Investment Advisors LLC purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the 3rd quarter worth $251,000. Finally, SilverOak Wealth Management LLC acquired a new stake in JPMorgan U.S. Tech Leaders ETF in the 3rd quarter valued at $264,000.

About JPMorgan U.S. Tech Leaders ETF

(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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