Independent Financial Group LLC Purchases New Stake in JPMorgan U.S. Tech Leaders ETF $JTEK

Independent Financial Group LLC acquired a new stake in shares of JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 35,536 shares of the company’s stock, valued at approximately $2,827,000. Independent Financial Group LLC owned about 0.09% of JPMorgan U.S. Tech Leaders ETF at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of JPMorgan U.S. Tech Leaders ETF by 17.1% in the 4th quarter. JPMorgan Chase & Co. now owns 4,597,385 shares of the company’s stock valued at $414,099,000 after purchasing an additional 672,534 shares in the last quarter. Royal Bank of Canada grew its stake in JPMorgan U.S. Tech Leaders ETF by 208.2% in the fourth quarter. Royal Bank of Canada now owns 332,503 shares of the company’s stock worth $29,949,000 after purchasing an additional 224,634 shares in the last quarter. LPL Financial LLC grew its stake in JPMorgan U.S. Tech Leaders ETF by 46.2% in the fourth quarter. LPL Financial LLC now owns 538,269 shares of the company’s stock worth $48,483,000 after purchasing an additional 170,110 shares in the last quarter. Assetmark Inc. bought a new stake in JPMorgan U.S. Tech Leaders ETF in the fourth quarter valued at about $8,669,000. Finally, Welch Financial Planning LLC acquired a new stake in JPMorgan U.S. Tech Leaders ETF during the fourth quarter valued at approximately $7,686,000.

JPMorgan U.S. Tech Leaders ETF Stock Down 1.2%

NASDAQ:JTEK opened at $97.88 on Friday. The business’s 50 day moving average is $104.81 and its two-hundred day moving average is $93.38. JPMorgan U.S. Tech Leaders ETF has a 52 week low of $75.25 and a 52 week high of $111.82. The company has a market cap of $4.55 billion, a PE ratio of 47.07 and a beta of 1.72.

JPMorgan U.S. Tech Leaders ETF Company Profile

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. JTEK was launched on Oct 4, 2023 and is issued by JPMorgan Chase.