JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Hits New 12-Month High – Time to Buy?

Shares of JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) reached a new 52-week high during trading on Thursday . The company traded as high as $84.47 and last traded at $84.20, with a volume of 31360 shares traded. The stock had previously closed at $83.29.

JPMorgan U.S. Tech Leaders ETF Stock Performance

The business’s 50 day moving average is $79.38 and its 200 day moving average is $72.53. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 47.95 and a beta of 1.82.

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

Institutional investors have recently bought and sold shares of the business. Briaud Financial Planning Inc purchased a new position in JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth approximately $57,000. Wagner Wealth Management LLC raised its position in JPMorgan U.S. Tech Leaders ETF by 22.0% during the 4th quarter. Wagner Wealth Management LLC now owns 2,264 shares of the company’s stock worth $171,000 after buying an additional 409 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in JPMorgan U.S. Tech Leaders ETF during the 3rd quarter worth approximately $193,000. Indie Asset Partners LLC raised its position in JPMorgan U.S. Tech Leaders ETF by 7.3% during the 3rd quarter. Indie Asset Partners LLC now owns 3,296 shares of the company’s stock worth $226,000 after buying an additional 225 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth approximately $257,000.

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.