Hughes Financial Services LLC Has $32.99 Million Stock Position in JPMorgan U.S. Tech Leaders ETF $JTEK

Hughes Financial Services LLC trimmed its holdings in JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) by 32.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 366,230 shares of the company’s stock after selling 176,432 shares during the quarter. JPMorgan U.S. Tech Leaders ETF accounts for about 5.2% of Hughes Financial Services LLC’s holdings, making the stock its 6th biggest holding. Hughes Financial Services LLC owned approximately 0.98% of JPMorgan U.S. Tech Leaders ETF worth $32,987,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in shares of JPMorgan U.S. Tech Leaders ETF by 49.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,105 shares of the company’s stock worth $1,361,000 after buying an additional 4,981 shares during the period. LPL Financial LLC increased its stake in shares of 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 buying an additional 170,110 shares during the period. JPMorgan Chase & Co. increased its stake in shares of JPMorgan U.S. Tech Leaders ETF by 17.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,597,385 shares of the company’s stock worth $414,099,000 after buying an additional 672,534 shares during the period. Tradition Wealth Management LLC increased its stake in shares of JPMorgan U.S. Tech Leaders ETF by 6.0% in the fourth quarter. Tradition Wealth Management LLC now owns 139,971 shares of the company’s stock worth $12,608,000 after buying an additional 7,920 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of JPMorgan U.S. Tech Leaders ETF in the fourth quarter worth $279,000.

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

Shares of NASDAQ JTEK opened at $99.56 on Thursday. JPMorgan U.S. Tech Leaders ETF has a 52 week low of $75.25 and a 52 week high of $111.32. The firm’s fifty day moving average is $96.59 and its 200 day moving average is $90.63. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 47.07 and a beta of 1.76.

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.