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

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) shares hit a new 52-week high during trading on Friday . The company traded as high as $65.24 and last traded at $65.24, with a volume of 27134 shares changing hands. The stock had previously closed at $65.09.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Up 0.0%

The company has a market capitalization of $3.42 billion, a PE ratio of 25.99 and a beta of 0.56. The stock has a 50-day moving average of $64.22 and a 200 day moving average of $62.01.

Institutional Trading of JPMorgan Hedged Equity Laddered Overlay ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Signature Estate & Investment Advisors LLC purchased a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the first quarter valued at approximately $687,000. Reyes Financial Architecture Inc. lifted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 15.5% in the first quarter. Reyes Financial Architecture Inc. now owns 6,494 shares of the company’s stock valued at $388,000 after purchasing an additional 873 shares during the last quarter. Prairieview Wealth Partners LLC lifted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 3.0% in the first quarter. Prairieview Wealth Partners LLC now owns 115,069 shares of the company’s stock valued at $6,867,000 after purchasing an additional 3,360 shares during the last quarter. Thoroughbred Financial Services LLC lifted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 6.7% in the first quarter. Thoroughbred Financial Services LLC now owns 37,228 shares of the company’s stock valued at $2,221,000 after purchasing an additional 2,330 shares during the last quarter. Finally, Brookstone Capital Management lifted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 32.1% in the first quarter. Brookstone Capital Management now owns 127,146 shares of the company’s stock valued at $7,588,000 after purchasing an additional 30,873 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.