JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Sees Large Volume Increase – Here’s Why

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw an uptick in trading volume on Wednesday . 128,765 shares were traded during trading, a decline of 22% from the previous session’s volume of 164,243 shares.The stock last traded at $91.58 and had previously closed at $92.92.

JPMorgan U.S. Tech Leaders ETF Stock Performance

The company has a market cap of $3.26 billion, a P/E ratio of 47.07 and a beta of 1.68. The business has a 50 day moving average price of $90.75 and a two-hundred day moving average price of $89.24.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JTEK. ERn Financial LLC bought a new stake in JPMorgan U.S. Tech Leaders ETF during the 4th quarter valued at $6,663,000. Archford Capital Strategies LLC raised its position in shares of JPMorgan U.S. Tech Leaders ETF by 2.4% in the 4th quarter. Archford Capital Strategies LLC now owns 11,394 shares of the company’s stock worth $1,026,000 after purchasing an additional 264 shares during the last quarter. Guided Capital Wealth Management LLC lifted its stake in JPMorgan U.S. Tech Leaders ETF by 1.7% during the 4th quarter. Guided Capital Wealth Management LLC now owns 46,335 shares of the company’s stock valued at $4,174,000 after acquiring an additional 795 shares during the period. Silver Oak Securities Incorporated raised its stake in JPMorgan U.S. Tech Leaders ETF by 22.5% during the 4th quarter. Silver Oak Securities Incorporated now owns 17,116 shares of the company’s stock valued at $1,556,000 after buying an additional 3,142 shares during the last quarter. Finally, CVA Family Office LLC grew its stake in shares of JPMorgan U.S. Tech Leaders ETF by 146.3% during the 4th quarter. CVA Family Office LLC now owns 66,286 shares of the company’s stock valued at $5,971,000 after purchasing an additional 39,370 shares during the period.

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.