JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Hits New 12-Month High – Here’s Why

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 $68.31 and last traded at $68.31, with a volume of 83497 shares traded. The stock had previously closed at $68.06.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Up 0.3%

The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 25.99 and a beta of 0.57. The business has a 50 day moving average price of $67.66 and a 200-day moving average price of $66.74.

Hedge Funds Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Taylor Securities Services Inc. bought a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the 4th quarter valued at $49,730,000. Cetera Investment Advisers boosted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 70.8% in the first quarter. Cetera Investment Advisers now owns 1,584,346 shares of the company’s stock valued at $101,256,000 after acquiring an additional 656,912 shares during the period. LPL Financial LLC grew its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 20.8% during the fourth quarter. LPL Financial LLC now owns 3,189,556 shares of the company’s stock valued at $211,882,000 after purchasing an additional 549,559 shares during the last quarter. Bank of America Corp DE raised its position 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. boosted its position in 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 during the period.

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.