JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Hits New 12-Month High – What’s Next?

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $105.97 and last traded at $105.34, with a volume of 11661 shares changing hands. The stock had previously closed at $103.35.

JPMorgan U.S. Tech Leaders ETF Stock Performance

The stock has a market capitalization of $4.19 billion, a P/E ratio of 47.07 and a beta of 1.71. The stock has a 50 day moving average of $90.61 and a 200 day moving average of $89.33.

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

Several large investors have recently made changes to their positions in JTEK. JPMorgan Chase & Co. increased its stake in shares of JPMorgan U.S. Tech Leaders ETF by 17.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,597,385 shares of the company’s stock valued at $414,099,000 after purchasing an additional 672,534 shares during the period. Vestor Capital LLC grew its holdings in JPMorgan U.S. Tech Leaders ETF by 5,221.0% in the 1st quarter. Vestor Capital LLC now owns 361,189 shares of the company’s stock worth $28,729,000 after buying an additional 354,401 shares in the last quarter. Royal Bank of Canada grew its holdings in JPMorgan U.S. Tech Leaders ETF by 208.2% in the 4th quarter. Royal Bank of Canada now owns 332,503 shares of the company’s stock worth $29,949,000 after buying an additional 224,634 shares in the last quarter. LPL Financial LLC grew its holdings in JPMorgan U.S. Tech Leaders ETF by 46.2% in the 4th quarter. LPL Financial LLC now owns 538,269 shares of the company’s stock worth $48,483,000 after buying an additional 170,110 shares in the last quarter. Finally, Assetmark Inc. bought a new position in JPMorgan U.S. Tech Leaders ETF in the 4th quarter worth approximately $8,669,000.

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.