Envestnet Asset Management Inc. Boosts Stake in JPMorgan Hedged Equity Laddered Overlay ETF $HELO

Envestnet Asset Management Inc. lifted its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) by 7.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,766,966 shares of the company’s stock after acquiring an additional 200,643 shares during the period. Envestnet Asset Management Inc. owned approximately 0.05% of JPMorgan Hedged Equity Laddered Overlay ETF worth $179,853,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. First Horizon Corp purchased a new stake in JPMorgan Hedged Equity Laddered Overlay ETF during the third quarter valued at about $48,000. Avion Wealth purchased a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the 2nd quarter worth about $51,000. Assetmark Inc. increased its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 24.4% during the 2nd quarter. Assetmark Inc. now owns 893 shares of the company’s stock valued at $56,000 after purchasing an additional 175 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the 3rd quarter valued at about $78,000. Finally, Harbor Asset Planning Inc. bought a new stake in JPMorgan Hedged Equity Laddered Overlay ETF in the 2nd quarter worth approximately $92,000.

JPMorgan Hedged Equity Laddered Overlay ETF Price Performance

Shares of HELO opened at $66.30 on Friday. JPMorgan Hedged Equity Laddered Overlay ETF has a 1 year low of $56.11 and a 1 year high of $67.35. The stock has a 50 day simple moving average of $66.59 and a two-hundred day simple moving average of $65.30. The firm has a market cap of $3.74 billion, a P/E ratio of 25.99 and a beta of 0.58.

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.