JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Sees Large Volume Increase – What’s Next?

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) shares saw unusually-strong trading volume on Thursday . Approximately 1,178,494 shares changed hands during trading, an increase of 411% from the previous session’s volume of 230,777 shares.The stock last traded at $64.33 and had previously closed at $68.74.

JPMorgan U.S. Tech Leaders ETF Price Performance

The company has a market cap of $1.13 billion, a PE ratio of 34.27 and a beta of 1.82. The company has a 50-day moving average price of $75.55 and a two-hundred day moving average price of $74.79.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JTEK. Comerica Bank purchased a new position in shares of JPMorgan U.S. Tech Leaders ETF in the fourth quarter valued at $38,000. Briaud Financial Planning Inc acquired a new position in JPMorgan U.S. Tech Leaders ETF in the 4th quarter worth $57,000. Bank of America Corp DE boosted its position in JPMorgan U.S. Tech Leaders ETF by 1,810.5% in the 4th quarter. Bank of America Corp DE now owns 1,089 shares of the company’s stock valued at $82,000 after buying an additional 1,032 shares during the last quarter. Wagner Wealth Management LLC grew its stake in shares of JPMorgan U.S. Tech Leaders ETF by 22.0% during the fourth quarter. Wagner Wealth Management LLC now owns 2,264 shares of the company’s stock valued at $171,000 after acquiring an additional 409 shares in the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the fourth quarter worth about $180,000.

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.