Assetmark Inc. Invests $8.67 Million in JPMorgan U.S. Tech Leaders ETF $JTEK

Assetmark Inc. acquired a new stake in JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 96,241 shares of the company’s stock, valued at approximately $8,669,000. Assetmark Inc. owned about 0.26% of JPMorgan U.S. Tech Leaders ETF at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan U.S. Tech Leaders ETF by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 3,924,851 shares of the company’s stock valued at $360,969,000 after purchasing an additional 202,694 shares in the last quarter. NewEdge Wealth LLC purchased a new position in JPMorgan U.S. Tech Leaders ETF in the third quarter worth $8,419,000. Quadcap Wealth Management LLC purchased a new position in shares of JPMorgan U.S. Tech Leaders ETF during the 3rd quarter valued at $7,560,000. Raymond James Financial Inc. lifted its position in shares of JPMorgan U.S. Tech Leaders ETF by 64.9% during the 3rd quarter. Raymond James Financial Inc. now owns 194,318 shares of the company’s stock valued at $17,871,000 after buying an additional 76,444 shares during the last quarter. Finally, ERn Financial LLC purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth about $6,663,000.

JPMorgan U.S. Tech Leaders ETF Stock Up 2.0%

NASDAQ:JTEK opened at $92.21 on Friday. The stock has a market cap of $3.56 billion, a P/E ratio of 47.07 and a beta of 1.66. The business’s 50-day moving average price is $83.47 and its two-hundred day moving average price is $88.51. JPMorgan U.S. Tech Leaders ETF has a twelve month low of $60.94 and a twelve month high of $97.86.

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.