Miracle Mile Advisors LLC Reduces Holdings in JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK)

Miracle Mile Advisors LLC cut its stake in shares of JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) by 7.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 245,779 shares of the company’s stock after selling 19,634 shares during the period. Miracle Mile Advisors LLC’s holdings in JPMorgan U.S. Tech Leaders ETF were worth $16,514,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Wagner Wealth Management LLC increased its stake 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 during the period. Comerica Bank purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth approximately $38,000. Briaud Financial Planning Inc purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth approximately $57,000. HighTower Advisors LLC grew its holdings in JPMorgan U.S. Tech Leaders ETF by 4.3% during the 4th quarter. HighTower Advisors LLC now owns 19,076 shares of the company’s stock worth $1,443,000 after acquiring an additional 794 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in JPMorgan U.S. Tech Leaders ETF by 1,810.5% during the 4th quarter. Bank of America Corp DE now owns 1,089 shares of the company’s stock worth $82,000 after acquiring an additional 1,032 shares in the last quarter.

JPMorgan U.S. Tech Leaders ETF Stock Up 0.6%

NASDAQ JTEK opened at $79.52 on Friday. JPMorgan U.S. Tech Leaders ETF has a 52 week low of $55.66 and a 52 week high of $85.28. The stock has a market capitalization of $1.63 billion, a PE ratio of 35.61 and a beta of 1.82. The firm has a 50 day moving average of $70.80 and a two-hundred day moving average of $75.01.

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.