JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Hits New 52-Week High – Still a Buy?

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK)’s share price reached a new 52-week high during trading 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 Down 2.0%

The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 47.07 and a beta of 1.71. The company has a 50 day moving average of $87.13 and a 200 day moving average of $88.88.

Hedge Funds Weigh In On JPMorgan U.S. Tech Leaders ETF

Several institutional investors have recently added to or reduced their stakes in the business. Symphony Financial Services Inc. increased its stake in JPMorgan U.S. Tech Leaders ETF by 37.7% in the first quarter. Symphony Financial Services Inc. now owns 31,831 shares of the company’s stock valued at $2,532,000 after purchasing an additional 8,717 shares during the last quarter. Paradigm Strategies in Wealth Management LLC acquired a new position in JPMorgan U.S. Tech Leaders ETF in the first quarter valued at $245,000. Assetmark Inc. increased its stake in JPMorgan U.S. Tech Leaders ETF by 8.6% in the first quarter. Assetmark Inc. now owns 104,503 shares of the company’s stock valued at $8,312,000 after purchasing an additional 8,262 shares during the last quarter. Independent Financial Group LLC acquired a new position in JPMorgan U.S. Tech Leaders ETF in the first quarter valued at $2,827,000. Finally, Beaumont Financial Advisors LLC increased its stake in JPMorgan U.S. Tech Leaders ETF by 18.2% in the first quarter. Beaumont Financial Advisors LLC now owns 3,815 shares of the company’s stock valued at $303,000 after purchasing an additional 587 shares during the last quarter.

JPMorgan U.S. Tech Leaders ETF Company Profile

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.