JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Reaches New 1-Year High – Should You Buy?

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) hit a new 52-week high on Tuesday . The stock traded as high as $111.49 and last traded at $111.45, with a volume of 162798 shares trading hands. The stock had previously closed at $108.08.

JPMorgan U.S. Tech Leaders ETF Stock Performance

The company has a market capitalization of $4.40 billion, a P/E ratio of 47.07 and a beta of 1.76. The business has a 50 day moving average of $102.47 and a 200-day moving average of $92.11.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Pine Valley Investments Ltd Liability Co lifted its stake in JPMorgan U.S. Tech Leaders ETF by 352.9% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 142,357 shares of the company’s stock worth $11,323,000 after purchasing an additional 110,923 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of JPMorgan U.S. Tech Leaders ETF by 32.0% during the 1st quarter. NewEdge Advisors LLC now owns 32,173 shares of the company’s stock valued at $2,559,000 after purchasing an additional 7,798 shares in the last quarter. Vestor Capital LLC grew its position in shares of 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 valued at $28,729,000 after purchasing an additional 354,401 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of JPMorgan U.S. Tech Leaders ETF in the first quarter worth $1,056,000. Finally, Royal Bank of Canada increased its holdings in shares of 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 worth $34,524,000 after purchasing an additional 101,527 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.