JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Sees Strong Trading Volume – Here’s Why

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) shares saw unusually-high trading volume on Wednesday . Approximately 400,993 shares changed hands during trading, an increase of 130% from the previous session’s volume of 174,483 shares.The stock last traded at $83.45 and had previously closed at $83.03.

JPMorgan U.S. Tech Leaders ETF Price Performance

The stock has a market cap of $1.16 billion, a PE ratio of 47.95 and a beta of 1.82. The stock’s fifty day moving average is $79.32 and its 200-day moving average is $72.46.

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

A number of hedge funds have recently modified their holdings of the business. Briaud Financial Planning Inc acquired a new position in JPMorgan U.S. Tech Leaders ETF during the fourth quarter worth $57,000. Wagner Wealth Management LLC lifted its holdings 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 in the last quarter. Sanctuary Advisors LLC purchased a new position in JPMorgan U.S. Tech Leaders ETF in the 3rd quarter valued at approximately $193,000. Indie Asset Partners LLC grew its stake in shares of JPMorgan U.S. Tech Leaders ETF by 7.3% in the third quarter. Indie Asset Partners LLC now owns 3,296 shares of the company’s stock worth $226,000 after acquiring an additional 225 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the 3rd quarter worth about $251,000.

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.