JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Sets New 12-Month High – Still a Buy?

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) reached a new 52-week high during trading on Tuesday . The stock traded as high as $66.74 and last traded at $66.74, with a volume of 74012 shares traded. The stock had previously closed at $66.62.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Up 0.3%

The company has a 50-day moving average price of $65.73 and a 200-day moving average price of $64.40. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 25.99 and a beta of 0.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Benjamin Edwards Inc. raised its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 1.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 15,324 shares of the company’s stock worth $996,000 after buying an additional 160 shares during the period. Assetmark Inc. lifted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 24.4% in the 2nd quarter. Assetmark Inc. now owns 893 shares of the company’s stock valued at $56,000 after acquiring an additional 175 shares in the last quarter. Nvwm LLC boosted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 1.4% in the 2nd quarter. Nvwm LLC now owns 13,839 shares of the company’s stock worth $866,000 after purchasing an additional 185 shares during the period. Lakeridge Wealth Management LLC boosted its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 1.1% during the third quarter. Lakeridge Wealth Management LLC now owns 18,452 shares of the company’s stock worth $1,199,000 after buying an additional 194 shares during the period. Finally, WESPAC Advisors LLC raised its position in JPMorgan Hedged Equity Laddered Overlay ETF by 3.6% in the 2nd quarter. WESPAC Advisors LLC now owns 5,745 shares of the company’s stock valued at $360,000 after buying an additional 201 shares during the last quarter.

About JPMorgan Hedged Equity Laddered Overlay ETF

The JPMorgan Hedged Equity Laddered Overlay ETF JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an exchange-traded fund that mostly invests in large cap equity. The fund actively manages a large-cap US equity portfolio with a laddered options overlay that seeks to provide downside protection, while foregoing some upside potential. The fund aims for enhanced risk-adjusted return over a full market cycle with lower volatility than traditional equity strategies HELO was launched on Sep 28, 2023 and is issued by JPMorgan Chase.