JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK – Get Free Report) saw an uptick in trading volume on Thursday . 1,178,494 shares were traded during mid-day trading, an increase of 411% from the previous session’s volume of 230,777 shares.The stock last traded at $64.33 and had previously closed at $68.74.
JPMorgan U.S. Tech Leaders ETF Stock Down 6.7 %
The company has a 50 day moving average of $75.55 and a 200 day moving average of $74.79. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 34.27 and a beta of 1.82.
Institutional Investors Weigh In On JPMorgan U.S. Tech Leaders ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in JTEK. Comerica Bank purchased a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth about $38,000. Briaud Financial Planning Inc purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the fourth quarter worth approximately $57,000. Bank of America Corp DE grew its stake in JPMorgan U.S. Tech Leaders ETF by 1,810.5% during the fourth quarter. Bank of America Corp DE now owns 1,089 shares of the company’s stock worth $82,000 after buying an additional 1,032 shares during the period. Wagner Wealth Management LLC increased its position in shares of JPMorgan U.S. Tech Leaders ETF by 22.0% in the fourth quarter. Wagner Wealth Management LLC now owns 2,264 shares of the company’s stock worth $171,000 after acquiring an additional 409 shares in the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of JPMorgan U.S. Tech Leaders ETF in the 4th quarter valued at $180,000.
About JPMorgan U.S. Tech Leaders ETF
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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