JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Sets New 12-Month High – Should You Buy?

Shares of JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) reached a new 52-week high on Thursday . The stock traded as high as $95.01 and last traded at $94.97, with a volume of 252520 shares traded. The stock had previously closed at $92.80.

JPMorgan U.S. Tech Leaders ETF Stock Down 4.4%

The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 47.07 and a beta of 1.82. The stock’s fifty day moving average price is $88.29 and its 200-day moving average price is $80.15.

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

Institutional investors have recently added to or reduced their stakes in the company. Hughes Financial Services LLC lifted its stake in JPMorgan U.S. Tech Leaders ETF by 433,344.0% in the 2nd quarter. Hughes Financial Services LLC now owns 541,805 shares of the company’s stock valued at $46,259,000 after purchasing an additional 541,680 shares during the last quarter. JPMorgan Chase & Co. raised its stake in JPMorgan U.S. Tech Leaders ETF by 6.7% in the first quarter. JPMorgan Chase & Co. now owns 4,508,872 shares of the company’s stock valued at $302,953,000 after buying an additional 282,795 shares during the period. Kestra Advisory Services LLC raised its stake in JPMorgan U.S. Tech Leaders ETF by 1,009.4% in the first quarter. Kestra Advisory Services LLC now owns 150,354 shares of the company’s stock valued at $10,102,000 after buying an additional 136,801 shares during the period. LPL Financial LLC raised its stake in JPMorgan U.S. Tech Leaders ETF by 71.2% in the first quarter. LPL Financial LLC now owns 240,917 shares of the company’s stock valued at $16,187,000 after buying an additional 100,231 shares during the period. Finally, Raymond James Financial Inc. raised its stake in JPMorgan U.S. Tech Leaders ETF by 2,704.8% in the first quarter. Raymond James Financial Inc. now owns 95,196 shares of the company’s stock valued at $6,396,000 after buying an additional 91,802 shares during the period.

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.