Northwestern Mutual Wealth Management Co. Sells 56,728 Shares of JPMorgan Hedged Equity Laddered Overlay ETF $HELO

Northwestern Mutual Wealth Management Co. lessened its stake in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) by 65.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 30,310 shares of the company’s stock after selling 56,728 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan Hedged Equity Laddered Overlay ETF were worth $2,013,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in HELO. Bank of America Corp DE lifted its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 22.4% in the third quarter. Bank of America Corp DE now owns 2,053,130 shares of the company’s stock valued at $133,453,000 after buying an additional 375,879 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the third quarter valued at about $21,635,000. Leo Wealth LLC bought a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the fourth quarter valued at about $17,065,000. Bank of New York Mellon Corp lifted its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 16.6% in the third quarter. Bank of New York Mellon Corp now owns 1,746,667 shares of the company’s stock valued at $113,533,000 after buying an additional 248,651 shares during the period. Finally, UBS Group AG lifted its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 30.7% in the fourth quarter. UBS Group AG now owns 896,778 shares of the company’s stock valued at $59,573,000 after buying an additional 210,517 shares during the period.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

NYSEARCA HELO opened at $67.88 on Wednesday. The firm has a 50-day simple moving average of $66.23 and a 200 day simple moving average of $66.32. JPMorgan Hedged Equity Laddered Overlay ETF has a twelve month low of $60.78 and a twelve month high of $68.00. The stock has a market cap of $4.03 billion, a PE ratio of 25.99 and a beta of 0.59.

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.