JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Sees Unusually-High Trading Volume – Here’s What Happened

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw an uptick in trading volume on Wednesday . 663,600 shares were traded during mid-day trading, an increase of 154% from the previous session’s volume of 261,288 shares.The stock last traded at $81.12 and had previously closed at $85.74.

JPMorgan U.S. Tech Leaders ETF Stock Performance

The company’s 50-day moving average price is $90.87 and its 200 day moving average price is $89.81. The stock has a market cap of $3.07 billion, a PE ratio of 47.07 and a beta of 1.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in JPMorgan U.S. Tech Leaders ETF by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,924,851 shares of the company’s stock worth $360,969,000 after purchasing an additional 202,694 shares during the period. Hughes Financial Services LLC increased its position in JPMorgan U.S. Tech Leaders ETF by 433,344.0% in the second quarter. Hughes Financial Services LLC now owns 541,805 shares of the company’s stock worth $46,259,000 after buying an additional 541,680 shares in the last quarter. UBS Group AG raised its stake in shares of JPMorgan U.S. Tech Leaders ETF by 4.1% in the third quarter. UBS Group AG now owns 451,449 shares of the company’s stock worth $41,520,000 after buying an additional 17,659 shares during the period. Composition Wealth LLC lifted its position in shares of JPMorgan U.S. Tech Leaders ETF by 2.8% during the 4th quarter. Composition Wealth LLC now owns 361,341 shares of the company’s stock valued at $32,547,000 after buying an additional 9,764 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its position in shares of JPMorgan U.S. Tech Leaders ETF by 0.9% during the 3rd quarter. Miracle Mile Advisors LLC now owns 351,577 shares of the company’s stock valued at $32,335,000 after buying an additional 3,221 shares in the last quarter.

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.