JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Reaches New 1-Year High – Here’s Why

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $68.00 and last traded at $67.67, with a volume of 20219 shares traded. The stock had previously closed at $67.69.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Down 0.1%

The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 25.99 and a beta of 0.59. The stock’s 50 day moving average price is $66.09 and its two-hundred day moving average price is $66.27.

Institutional Investors Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HELO. Taylor Securities Services Inc. purchased a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the fourth quarter worth about $49,730,000. Cetera Investment Advisers boosted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 70.8% in the 1st quarter. Cetera Investment Advisers now owns 1,584,346 shares of the company’s stock worth $101,256,000 after purchasing an additional 656,912 shares in the last quarter. LPL Financial LLC boosted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 20.8% in the 4th quarter. LPL Financial LLC now owns 3,189,556 shares of the company’s stock worth $211,882,000 after purchasing an additional 549,559 shares in the last quarter. Bank of America Corp DE grew its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 22.4% during the 3rd quarter. Bank of America Corp DE now owns 2,053,130 shares of the company’s stock worth $133,453,000 after purchasing an additional 375,879 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 26.6% during the 4th quarter. Raymond James Financial Inc. now owns 1,742,174 shares of the company’s stock valued at $115,733,000 after purchasing an additional 365,572 shares in the last quarter.

JPMorgan Hedged Equity Laddered Overlay ETF Company Profile

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.