JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Stock Breaks Above 50 Day Moving Average – What’s Next?

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) shares crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $69.43 and traded as high as $69.64. JPMorgan Hedged Equity Laddered Overlay ETF shares last traded at $69.52, with a volume of 228,031 shares changing hands.

JPMorgan Hedged Equity Laddered Overlay ETF Trading Up 0.4%

The firm has a fifty day simple moving average of $69.43 and a two-hundred day simple moving average of $67.67. The firm has a market cap of $4.89 billion, a PE ratio of 25.99 and a beta of 0.56.

Hedge Funds Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Your Advocates Ltd. LLP purchased a new stake in JPMorgan Hedged Equity Laddered Overlay ETF in the first quarter worth $29,000. Pinnacle Bancorp Inc. purchased a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the 1st quarter valued at $29,000. Markowski Investments purchased a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the 2nd quarter valued at $30,000. Vima LLC raised its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 20.7% in the 3rd quarter. Vima LLC now owns 909 shares of the company’s stock worth $63,000 after purchasing an additional 156 shares in the last quarter. Finally, Signature Equity Partners LLC raised its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 38.8% in the 1st quarter. Signature Equity Partners LLC now owns 1,667 shares of the company’s stock worth $107,000 after purchasing an additional 466 shares in 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. 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.