On May 7, 2026, Resolute Wealth Strategies, LLC announced the complete liquidation of its position in the J.P. Morgan U.S. Tech Leaders ETF (JTEK), selling 34,133 shares valued at approximately $2.93 million. This decision resulted in a net position value change of -$3.07 million, reflecting both the sale and price movements over the quarter. Following this transaction, Resolute holds no shares in JTEK, which previously represented 1.35% of its assets under management.
This move is significant as JTEK has outperformed the S&P 500 by over 11 percentage points in the past year, rising 42.4%. Despite exiting this ETF, Resolute maintains substantial investments in leading tech stocks like Apple and Google, indicating a strategic shift rather than a withdrawal from the tech sector. The firm’s focus remains on large-cap tech and sector-focused ETFs, suggesting a preference for individual stock selection over ETF exposure.
For market professionals, this trade highlights the importance of active management and strategic repositioning within tech investments, emphasizing the need to evaluate whether ETF exposure aligns with individual investment strategies.
Source: fool.com