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

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

JPMorgan U.S. Tech Leaders ETF Trading Up 0.3 %

The firm has a market cap of $1.09 billion, a PE ratio of 47.95 and a beta of 1.82. The firm has a 50 day moving average price of $77.63 and a 200-day moving average price of $71.15.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JTEK. Wagner Wealth Management LLC raised its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 8.9% in the 3rd quarter. Wagner Wealth Management LLC now owns 1,855 shares of the company’s stock valued at $127,000 after purchasing an additional 152 shares in the last quarter. Indie Asset Partners LLC increased its holdings in JPMorgan U.S. Tech Leaders ETF by 7.3% in the third quarter. Indie Asset Partners LLC now owns 3,296 shares of the company’s stock valued at $226,000 after buying an additional 225 shares during the last quarter. Vertex Planning Partners LLC raised its stake in JPMorgan U.S. Tech Leaders ETF by 1.6% in the third quarter. Vertex Planning Partners LLC now owns 109,028 shares of the company’s stock valued at $7,487,000 after buying an additional 1,684 shares in the last quarter. Ulland Investment Advisors LLC lifted its holdings in JPMorgan U.S. Tech Leaders ETF by 8.7% during the 4th quarter. Ulland Investment Advisors LLC now owns 21,056 shares of the company’s stock worth $1,593,000 after buying an additional 1,692 shares during the last quarter. Finally, Hartford Financial Management Inc. boosted its position in shares of JPMorgan U.S. Tech Leaders ETF by 3.0% during the 3rd quarter. Hartford Financial Management Inc. now owns 62,922 shares of the company’s stock worth $4,321,000 after acquiring an additional 1,824 shares in the last quarter.

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.