JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Sees Large Volume Increase – Here’s What Happened

Shares of JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw unusually-strong trading volume on Friday. 332,418 shares changed hands during mid-day trading, an increase of 13% from the average daily volume of 293,898 shares. The stock last traded at $90.4180 and had previously closed at $92.11.

JPMorgan U.S. Tech Leaders ETF Stock Down 2.2%

The company has a market cap of $4.17 billion, a price-to-earnings ratio of 47.07 and a beta of 1.81. The firm has a 50 day moving average price of $100.27 and a two-hundred day moving average price of $96.18.

Institutional Trading of JPMorgan U.S. Tech Leaders ETF

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in JPMorgan U.S. Tech Leaders ETF by 30.5% in the first quarter. Royal Bank of Canada now owns 434,030 shares of the company’s stock valued at $34,524,000 after acquiring an additional 101,527 shares during the last quarter. Hughes Financial Services LLC increased its position in JPMorgan U.S. Tech Leaders ETF by 3.8% during the 3rd quarter. Hughes Financial Services LLC now owns 396,006 shares of the company’s stock valued at $39,292,000 after purchasing an additional 14,396 shares during the period. Vestor Capital LLC raised its holdings in JPMorgan U.S. Tech Leaders ETF by 5,221.0% during the 1st quarter. Vestor Capital LLC now owns 361,189 shares of the company’s stock worth $28,729,000 after purchasing an additional 354,401 shares during the last quarter. Wedbush Securities Inc. bought a new position in JPMorgan U.S. Tech Leaders ETF during the 2nd quarter worth approximately $18,759,000. Finally, Kestra Advisory Services LLC raised its holdings in JPMorgan U.S. Tech Leaders ETF by 12.5% during the 3rd quarter. Kestra Advisory Services LLC now owns 252,024 shares of the company’s stock worth $26,512,000 after purchasing an additional 28,048 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.