JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Shares Cross Below 200 Day Moving Average – What’s Next?

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK)’s stock price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $96.18 and traded as low as $92.46. JPMorgan U.S. Tech Leaders ETF shares last traded at $93.95, with a volume of 731,332 shares changing hands.

JPMorgan U.S. Tech Leaders ETF Stock Performance

The company’s 50 day moving average price is $101.91 and its 200-day moving average price is $96.18. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 47.07 and a beta of 1.76.

Institutional Trading of JPMorgan U.S. Tech Leaders ETF

A number of large investors have recently added to or reduced their stakes in JTEK. Hughes Financial Services LLC boosted its position in shares of JPMorgan U.S. Tech Leaders ETF by 3.8% in 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. Royal Bank of Canada increased its stake in JPMorgan U.S. Tech Leaders ETF by 30.5% in the 1st 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 in the last quarter. 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 buying an additional 354,401 shares during the period. Envestnet Asset Management Inc. raised its holdings in JPMorgan U.S. Tech Leaders ETF by 33.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 221,237 shares of the company’s stock worth $24,679,000 after buying an additional 55,111 shares during the period. Finally, Wedbush Securities Inc. purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the second quarter valued at about $18,759,000.

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.