JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Reaches New 1-Year High – Here’s Why

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) hit a new 52-week high on Tuesday . The company traded as high as $99.26 and last traded at $99.20, with a volume of 39574 shares traded. The stock had previously closed at $97.10.

JPMorgan U.S. Tech Leaders ETF Price Performance

The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 47.07 and a beta of 1.71. The stock has a 50-day moving average price of $86.05 and a 200-day moving average price of $88.65.

Institutional Investors Weigh In On JPMorgan U.S. Tech Leaders ETF

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new position in shares of JPMorgan U.S. Tech Leaders ETF in the fourth quarter valued at $26,000. International Assets Investment Management LLC acquired a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth about $43,000. Comprehensive Financial Planning Inc. PA lifted its stake in shares of JPMorgan U.S. Tech Leaders ETF by 97.5% during the 3rd quarter. Comprehensive Financial Planning Inc. PA now owns 476 shares of the company’s stock worth $44,000 after buying an additional 235 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the 3rd quarter worth about $56,000. Finally, Capital Investment Advisory Services LLC bought a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth about $64,000.

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.