JTEK: JPMORGAN U.S. TECH LEADERS ETF
What this ETF is trying to do
The JPMORGAN U.S. TECH LEADERS ETF (JTEK) is an exchange-traded fund that focuses on technology companies in the United States. It holds a variety of stocks from different areas of the tech industry.
Top Holdings
Based on the most recent data, some of the largest companies in this ETF include:
• Alphabet Inc Class C (4.29%)
• Palo Alto Networks Inc (4.03%)
• Broadcom Inc (3.86%)
• Advanced Micro Devices Inc (3.81%)
• NVIDIA Corp (3.74%)
• Intel Corp (3.70%)
• Take-Two Interactive Software Inc (3.65%)
• Tesla Inc (3.08%)
• Lam Research Corp (2.97%)
• CrowdStrike Holdings Inc Class A (2.88%)
Please note that this is a partial list of the holdings and can change over time.
What the numbers show
The data shows that the share price for JTEK has increased over the last year. The current price is $101.77. An estimated price from roughly one year ago was approximately $83.68.
When looking at performance, we look at two different things:
• Price Return: This measures only the change in the share price. The one-year price return was approximately 21.62%. The year-to-date (YTD) price return was approximately 12.98%.
• Total Return: This includes both price changes and any cash distributions. For this ETF, the one-year total return was approximately 21.62% and the YTD total return was approximately 12.98%.
Because the price return and total return numbers are the same in this case, it shows that the overall performance was driven by the movement of the share price.
Income and distribution explanation
Some investors look for ETFs that pay them regular cash, known as distributions. For JTEK, the distribution yield is 0%. No distributions were detected over the last 12 months. This means this ETF has not been paying out cash to investors during this period.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of the underlying assets in an ETF drops significantly. When an ETF's share price falls, it is called a share-price decline.
For JTEK, the erosion-risk score is 100, and the label indicates "No price erosion detected." There is no severe erosion-risk flag for this ETF. This suggests that the recent price movements do not show signs of the type of deterioration that leads to high erosion risk.
Pros
• The ETF has shown a positive one-year price return of approximately 21.62%.
• It provides exposure to many well-known technology companies.
Cons
• This ETF does not currently provide cash distributions (income) for investors.
• Technology stocks can sometimes be more volatile than other types of investments.
Beginner takeaway
JTEK is an ETF that has seen its share price grow over the past year. It focuses on large tech companies but does not pay out regular cash distributions to investors. While it has shown strong price growth, it is important to remember that past performance does not guarantee what will happen in the future.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 3.92% |
| 2 | PALO ALTO NETWORKS INC | PANW | 3.88% |
| 3 | BROADCOM INC | AVGO | 3.63% |
| 4 | TAKE-TWO INTERACTIVE SOFTWARE INC | TTWO | 3.45% |
| 5 | MICROSOFT CORP | MSFT | 3.27% |
| 6 | SNOWFLAKE INC ORDINARY SHARES | SNOW | 3.21% |
| 7 | ALPHABET INC CLASS C | GOOG | 2.96% |
| 8 | TESLA INC | TSLA | 2.90% |
| 9 | CROWDSTRIKE HOLDINGS INC CLASS A | CRWD | 2.76% |
| 10 | ADVANCED MICRO DEVICES INC | AMD | 2.63% |