JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Sets New 1-Year High – What’s Next?

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) hit a new 52-week high during trading on Thursday . The stock traded as high as $69.93 and last traded at $69.61, with a volume of 229106 shares trading hands. The stock had previously closed at $69.59.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

The company has a market cap of $4.70 billion, a P/E ratio of 25.99 and a beta of 0.56. The business’s 50-day moving average price is $67.83 and its 200 day moving average price is $66.92.

Hedge Funds Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Wealth Management Advisory Group LLC grew its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 53.0% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 89,917 shares of the company’s stock valued at $5,973,000 after buying an additional 31,144 shares in the last quarter. Capital Investment Advisory Services LLC lifted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 107.9% during the fourth quarter. Capital Investment Advisory Services LLC now owns 44,368 shares of the company’s stock worth $2,947,000 after purchasing an additional 23,032 shares during the last quarter. Riverchase Wealth Management LLC bought a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the 1st quarter worth $1,720,000. Family Capital Management Inc. lifted its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 130.1% in the fourth quarter. Family Capital Management Inc. now owns 37,126 shares of the company’s stock worth $2,466,000 after acquiring an additional 20,992 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC lifted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 11.5% in the 4th quarter. Smallwood Wealth Investment Management LLC now owns 82,784 shares of the company’s stock valued at $5,499,000 after purchasing an additional 8,519 shares during 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.