JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Sees Unusually-High Trading Volume – Here’s What Happened

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw unusually-high trading volume on Wednesday . Approximately 344,515 shares traded hands during trading, an increase of 365% from the previous session’s volume of 74,017 shares.The stock last traded at $75.99 and had previously closed at $76.86.

JPMorgan U.S. Tech Leaders ETF Trading Down 1.0 %

The stock has a fifty day moving average of $71.08 and a two-hundred day moving average of $67.98. The company has a market capitalization of $774.29 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 hedge funds have recently made changes to their positions in the company. World Investment Advisors LLC bought a new stake in JPMorgan U.S. Tech Leaders ETF in the third quarter worth $251,000. Sanctuary Advisors LLC purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the third quarter valued at $193,000. HighTower Advisors LLC increased its position in JPMorgan U.S. Tech Leaders ETF by 22.7% during the third quarter. HighTower Advisors LLC now owns 18,282 shares of the company’s stock valued at $1,254,000 after acquiring an additional 3,387 shares during the last quarter. Tradition Wealth Management LLC increased its position in JPMorgan U.S. Tech Leaders ETF by 21.5% in the third quarter. Tradition Wealth Management LLC now owns 56,854 shares of the company’s stock worth $3,904,000 after buying an additional 10,064 shares in the last quarter. Finally, Circle Wealth Management LLC increased its position in JPMorgan U.S. Tech Leaders ETF by 73.9% in the third quarter. Circle Wealth Management LLC now owns 7,060 shares of the company’s stock worth $485,000 after buying an additional 3,000 shares in the last quarter.

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.