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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $82.22 and last traded at $82.12, with a volume of 12084 shares trading hands. The stock had previously closed at $80.49.

JPMorgan U.S. Tech Leaders ETF Price Performance

The business has a fifty day moving average price of $77.50 and a 200 day moving average price of $71.07. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 47.95 and a beta of 1.82.

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

A number of institutional investors have recently bought and sold shares of JTEK. Wagner Wealth Management LLC raised its stake in shares of JPMorgan U.S. Tech Leaders ETF by 8.9% during the 3rd quarter. Wagner Wealth Management LLC now owns 1,855 shares of the company’s stock worth $127,000 after purchasing an additional 152 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of JPMorgan U.S. Tech Leaders ETF in the 3rd quarter valued at approximately $193,000. Indie Asset Partners LLC raised its stake in shares of JPMorgan U.S. Tech Leaders ETF by 7.3% in the 3rd quarter. Indie Asset Partners LLC now owns 3,296 shares of the company’s stock valued at $226,000 after acquiring an additional 225 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of JPMorgan U.S. Tech Leaders ETF in the 3rd quarter valued at approximately $251,000. Finally, SilverOak Wealth Management LLC bought a new position in shares of JPMorgan U.S. Tech Leaders ETF in the 3rd quarter valued at approximately $264,000.

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.