JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Reaches New 52-Week High – Time to Buy?

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) hit a new 52-week high on Monday . The stock traded as high as $103.61 and last traded at $103.21, with a volume of 12056 shares changing hands. The stock had previously closed at $102.83.

JPMorgan U.S. Tech Leaders ETF Stock Performance

The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 47.07 and a beta of 1.71. The company has a fifty day simple moving average of $86.05 and a two-hundred day simple moving average of $88.65.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in 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 worth $414,099,000 after acquiring an additional 672,534 shares during the last quarter. Wells Fargo & Company MN grew its position in JPMorgan U.S. Tech Leaders ETF by 10.4% during the 4th quarter. Wells Fargo & Company MN now owns 775,708 shares of the company’s stock worth $69,870,000 after acquiring an additional 73,315 shares during the last quarter. LPL Financial LLC grew its position in JPMorgan U.S. Tech Leaders ETF by 46.2% during the 4th quarter. LPL Financial LLC now owns 538,269 shares of the company’s stock worth $48,483,000 after acquiring an additional 170,110 shares during the last quarter. UBS Group AG grew its position in JPMorgan U.S. Tech Leaders ETF by 4.1% during the 3rd quarter. UBS Group AG now owns 451,449 shares of the company’s stock worth $41,520,000 after acquiring an additional 17,659 shares during the last quarter. Finally, Composition Wealth LLC grew its position in JPMorgan U.S. Tech Leaders ETF by 2.8% during the 4th quarter. Composition Wealth LLC now owns 361,341 shares of the company’s stock worth $32,547,000 after acquiring an additional 9,764 shares during 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. JTEK was launched on Oct 4, 2023 and is issued by JPMorgan Chase.