JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Sees Strong Trading Volume – Should You Buy?

Shares of JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw unusually-strong trading volume on Wednesday . Approximately 128,765 shares were traded during trading, a decline of 22% from the previous session’s volume of 164,243 shares.The stock last traded at $91.58 and had previously closed at $92.92.

JPMorgan U.S. Tech Leaders ETF Trading Down 2.7%

The firm has a market cap of $3.24 billion, a P/E ratio of 47.07 and a beta of 1.68. The business has a 50-day moving average price of $90.86 and a 200-day moving average price of $89.22.

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

Several large investors have recently modified their holdings of the business. CVA Family Office LLC lifted its position in shares of JPMorgan U.S. Tech Leaders ETF by 146.3% in the 4th quarter. CVA Family Office LLC now owns 66,286 shares of the company’s stock worth $5,971,000 after purchasing an additional 39,370 shares during the period. Genesis Private Wealth LLC purchased a new position in JPMorgan U.S. Tech Leaders ETF during the fourth quarter valued at approximately $870,000. Cooper Financial Group raised its stake in JPMorgan U.S. Tech Leaders ETF by 7.7% in the fourth quarter. Cooper Financial Group now owns 7,376 shares of the company’s stock worth $664,000 after buying an additional 526 shares in the last quarter. Freedom Financial Partners LLC lifted its holdings in JPMorgan U.S. Tech Leaders ETF by 21.2% during the fourth quarter. Freedom Financial Partners LLC now owns 92,784 shares of the company’s stock worth $8,357,000 after buying an additional 16,200 shares during the period. Finally, IFP Advisors Inc lifted its holdings in JPMorgan U.S. Tech Leaders ETF by 51.7% during the third quarter. IFP Advisors Inc now owns 5,197 shares of the company’s stock worth $478,000 after buying an additional 1,772 shares during the period.

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.