JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Sets New 52-Week High – Still a Buy?

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $76.38 and last traded at $76.38, with a volume of 24673 shares. The stock had previously closed at $75.83.

JPMorgan U.S. Tech Leaders ETF Stock Performance

The company’s 50 day simple moving average is $70.66 and its 200-day simple moving average is $67.74. The firm has a market capitalization of $778.57 million, a PE ratio of 47.95 and a beta of 1.82.

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

Several large investors have recently added to or reduced their stakes in the business. Ignite Planners LLC purchased a new stake in shares of JPMorgan U.S. Tech Leaders ETF in the 2nd quarter valued at about $376,000. MBL Wealth LLC bought a new position in shares of JPMorgan U.S. Tech Leaders ETF in the second quarter worth approximately $2,431,000. Bank of New York Mellon Corp purchased a new stake in JPMorgan U.S. Tech Leaders ETF in the second quarter valued at approximately $265,000. Commonwealth Equity Services LLC raised its stake in JPMorgan U.S. Tech Leaders ETF by 1,584.3% in the second quarter. Commonwealth Equity Services LLC now owns 81,754 shares of the company’s stock valued at $5,661,000 after purchasing an additional 76,900 shares in the last quarter. Finally, Private Wealth Partners LLC lifted its position in JPMorgan U.S. Tech Leaders ETF by 125.1% during the second quarter. Private Wealth Partners LLC now owns 41,075 shares of the company’s stock valued at $2,844,000 after purchasing an additional 22,825 shares during the last quarter.

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.