JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Sees Strong Trading Volume – Time to Buy?

Shares of JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw an uptick in trading volume on Friday. 332,418 shares were traded during trading, an increase of 13% from the average daily volume of 293,898 shares. The stock last traded at $90.4180 and had previously closed at $92.11.

JPMorgan U.S. Tech Leaders ETF Price Performance

The stock has a market capitalization of $4.20 billion, a P/E ratio of 47.07 and a beta of 1.81. The stock has a 50 day moving average price of $100.08 and a 200-day moving average price of $96.18.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hughes Financial Services LLC lifted its position in JPMorgan U.S. Tech Leaders ETF by 3.8% in 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 during the last quarter. Royal Bank of Canada grew its holdings 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 worth $34,524,000 after purchasing an additional 101,527 shares during the last quarter. Vestor Capital LLC grew its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 5,221.0% in 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 during the last quarter. Kestra Advisory Services LLC grew its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 12.5% in the third quarter. Kestra Advisory Services LLC now owns 252,024 shares of the company’s stock worth $26,512,000 after purchasing an additional 28,048 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of JPMorgan U.S. Tech Leaders ETF by 33.2% in the second quarter. Envestnet Asset Management Inc. now owns 221,237 shares of the company’s stock worth $24,679,000 after buying an additional 55,111 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. JTEK was launched on Oct 4, 2023 and is issued by JPMorgan Chase.