JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Sees Strong Trading Volume

Shares of JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw unusually-strong trading volume on Thursday . Approximately 182,996 shares were traded during mid-day trading, an increase of 161% from the previous session’s volume of 69,997 shares.The stock last traded at $68.16 and had previously closed at $65.94.

JPMorgan U.S. Tech Leaders ETF Trading Down 0.6 %

The business has a 50 day moving average of $65.17 and a two-hundred day moving average of $65.73. The firm has a market cap of $573.08 million, a P/E ratio of 47.95 and a beta of 1.82.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JTEK. HighMark Wealth Management LLC bought a new position in JPMorgan U.S. Tech Leaders ETF in the first quarter worth approximately $108,000. Bank of New York Mellon Corp purchased a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the second quarter valued at approximately $265,000. Ignite Planners LLC bought a new position in JPMorgan U.S. Tech Leaders ETF during the second quarter valued at $376,000. SFG Wealth Management LLC. bought a new position in JPMorgan U.S. Tech Leaders ETF during the first quarter valued at $639,000. Finally, Ulland Investment Advisors LLC bought a new position in JPMorgan U.S. Tech Leaders ETF during the first quarter valued at $1,371,000.

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.