NewEdge Wealth LLC Raises Stock Holdings in JPMorgan U.S. Tech Leaders ETF $JTEK

NewEdge Wealth LLC raised its stake in shares of JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) by 30.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 111,154 shares of the company’s stock after acquiring an additional 26,124 shares during the period. NewEdge Wealth LLC’s holdings in JPMorgan U.S. Tech Leaders ETF were worth $8,841,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in JTEK. Bank of America Corp DE raised its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 1.5% during the third quarter. Bank of America Corp DE now owns 15,160 shares of the company’s stock valued at $1,394,000 after purchasing an additional 230 shares during the last quarter. Cambridge Advisors Inc. lifted its position in JPMorgan U.S. Tech Leaders ETF by 7.9% during the first quarter. Cambridge Advisors Inc. now owns 3,441 shares of the company’s stock valued at $274,000 after purchasing an additional 251 shares during the period. Mattern Capital Management LLC boosted its holdings in JPMorgan U.S. Tech Leaders ETF by 5.7% in the fourth quarter. Mattern Capital Management LLC now owns 4,730 shares of the company’s stock worth $426,000 after purchasing an additional 255 shares during the last quarter. Archford Capital Strategies LLC raised its stake in JPMorgan U.S. Tech Leaders ETF by 2.4% during the 4th quarter. Archford Capital Strategies LLC now owns 11,394 shares of the company’s stock valued at $1,026,000 after buying an additional 264 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in shares of JPMorgan U.S. Tech Leaders ETF in the fourth quarter worth $26,000.

JPMorgan U.S. Tech Leaders ETF Stock Performance

Shares of NASDAQ:JTEK opened at $96.91 on Friday. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 47.07 and a beta of 1.72. The stock’s 50-day simple moving average is $104.41 and its two-hundred day simple moving average is $93.62. JPMorgan U.S. Tech Leaders ETF has a 52-week low of $75.25 and a 52-week high of $111.82.

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.