JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred 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 firm’s 50 day moving average is $101.91 and its 200-day moving average is $96.18. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 47.07 and a beta of 1.76.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Hughes Financial Services LLC lifted its holdings in JPMorgan U.S. Tech Leaders ETF by 3.8% during the third quarter. Hughes Financial Services LLC now owns 396,006 shares of the company’s stock valued at $39,292,000 after purchasing an additional 14,396 shares in the last quarter. Royal Bank of Canada grew its position in shares of JPMorgan U.S. Tech Leaders ETF by 30.5% in the first quarter. Royal Bank of Canada now owns 434,030 shares of the company’s stock valued at $34,524,000 after purchasing an additional 101,527 shares during the period. Vestor Capital LLC increased its stake in shares of JPMorgan U.S. Tech Leaders ETF by 5,221.0% during the first quarter. Vestor Capital LLC now owns 361,189 shares of the company’s stock worth $28,729,000 after purchasing an additional 354,401 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of JPMorgan U.S. Tech Leaders ETF by 33.2% during the second quarter. Envestnet Asset Management Inc. now owns 221,237 shares of the company’s stock worth $24,679,000 after purchasing an additional 55,111 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the second quarter worth about $18,759,000.
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. JTEK was launched on Oct 4, 2023 and is issued by JPMorgan Chase.
Further Reading
- Five stocks we like better than JPMorgan U.S. Tech Leaders ETF
- L3Harris Stock Took a Beating—Is a 20% Rebound Next?
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
Receive News & Ratings for JPMorgan U.S. Tech Leaders ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan U.S. Tech Leaders ETF and related companies with MarketBeat.com's FREE daily email newsletter.
