NewEdge Advisors LLC Raises Stock Position in JPMorgan U.S. Tech Leaders ETF $JTEK

NewEdge Advisors LLC raised its holdings in shares of JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) by 32.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,173 shares of the company’s stock after buying an additional 7,798 shares during the quarter. NewEdge Advisors LLC’s holdings in JPMorgan U.S. Tech Leaders ETF were worth $2,559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of JTEK. JPMorgan Chase & Co. increased its position in shares of JPMorgan U.S. Tech Leaders ETF by 17.1% during the 4th 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 last quarter. Vestor Capital LLC increased 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 buying an additional 354,401 shares during the period. Royal Bank of Canada lifted its stake in shares of 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 valued at $29,949,000 after acquiring an additional 224,634 shares during the last quarter. LPL Financial LLC lifted its stake in shares of 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 valued at $48,483,000 after acquiring an additional 170,110 shares during the last quarter. Finally, Assetmark Inc. purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the 4th quarter valued at about $8,669,000.

JPMorgan U.S. Tech Leaders ETF Price Performance

JTEK opened at $104.73 on Friday. The stock’s 50 day simple moving average is $102.16 and its 200 day simple moving average is $94.32. JPMorgan U.S. Tech Leaders ETF has a 1 year low of $75.25 and a 1 year high of $111.82. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 47.07 and a beta of 1.79.

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.