Janney Montgomery Scott LLC Boosts Stake in JPMorgan U.S. Tech Leaders ETF $JTEK

Janney Montgomery Scott LLC lifted its stake in shares of JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) by 71.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 25,852 shares of the company’s stock after purchasing an additional 10,747 shares during the quarter. Janney Montgomery Scott LLC’s holdings in JPMorgan U.S. Tech Leaders ETF were worth $2,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in JPMorgan U.S. Tech Leaders ETF by 17.1% in 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 stake 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 valued at $69,870,000 after purchasing an additional 73,315 shares during the last quarter. LPL Financial LLC grew its stake 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 valued at $48,483,000 after purchasing an additional 170,110 shares during the last quarter. UBS Group AG increased its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 4.1% in the third quarter. UBS Group AG now owns 451,449 shares of the company’s stock valued at $41,520,000 after purchasing an additional 17,659 shares during the period. Finally, Composition Wealth LLC increased its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 2.8% in the fourth quarter. Composition Wealth LLC now owns 361,341 shares of the company’s stock valued at $32,547,000 after purchasing an additional 9,764 shares during the period.

JPMorgan U.S. Tech Leaders ETF Stock Up 3.0%

Shares of NASDAQ:JTEK opened at $105.53 on Friday. JPMorgan U.S. Tech Leaders ETF has a 52-week low of $75.25 and a 52-week high of $111.82. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 47.07 and a beta of 1.72. The business has a 50-day moving average price of $104.45 and a 200-day moving average price of $92.98.

JPMorgan U.S. Tech Leaders ETF 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.