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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $81.38 and last traded at $81.07, with a volume of 6349 shares traded. The stock had previously closed at $81.22.

JPMorgan U.S. Tech Leaders ETF Stock Performance

The company’s 50 day moving average price is $72.73 and its 200-day moving average price is $68.70. The company has a market cap of $822.54 million, a price-to-earnings ratio of 47.95 and a beta of 1.82.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JTEK. MBL Wealth LLC acquired a new position in shares of JPMorgan U.S. Tech Leaders ETF in the second quarter worth about $2,431,000. Bank of New York Mellon Corp acquired a new position in shares of JPMorgan U.S. Tech Leaders ETF in the second quarter worth about $265,000. Commonwealth Equity Services LLC boosted its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 1,584.3% in the second quarter. Commonwealth Equity Services LLC now owns 81,754 shares of the company’s stock worth $5,661,000 after buying an additional 76,900 shares during the period. Private Wealth Partners LLC boosted its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 125.1% in the second quarter. Private Wealth Partners LLC now owns 41,075 shares of the company’s stock worth $2,844,000 after buying an additional 22,825 shares during the period. Finally, Valley Wealth Managers Inc. acquired a new position in shares of JPMorgan U.S. Tech Leaders ETF in the second quarter worth about $1,786,000.

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.