JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Reaches New 52-Week High – Time to Buy?

Shares of JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) reached a new 52-week high on Monday . The company traded as high as $103.61 and last traded at $103.21, with a volume of 12056 shares trading hands. The stock had previously closed at $102.83.

JPMorgan U.S. Tech Leaders ETF Stock Up 1.2%

The stock has a 50 day simple moving average of $86.05 and a two-hundred day simple moving average of $88.65. The stock has a market capitalization of $4.10 billion, a P/E ratio of 47.07 and a beta of 1.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC bought a new position in shares of JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth approximately $26,000. International Assets Investment Management LLC bought a new position in shares of JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth approximately $43,000. Comprehensive Financial Planning Inc. PA lifted its holdings in JPMorgan U.S. Tech Leaders ETF by 97.5% during the 3rd quarter. Comprehensive Financial Planning Inc. PA now owns 476 shares of the company’s stock worth $44,000 after purchasing an additional 235 shares during the last quarter. Advisory Services Network LLC acquired a new stake in JPMorgan U.S. Tech Leaders ETF during the 3rd quarter worth approximately $56,000. Finally, Capital Investment Advisory Services LLC acquired a new stake in JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth approximately $64,000.

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. JTEK was launched on Oct 4, 2023 and is issued by JPMorgan Chase.