JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Sets New 1-Year High – Here’s Why

Shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $67.13 and last traded at $67.1340, with a volume of 239546 shares changing hands. The stock had previously closed at $66.84.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Up 0.3%

The firm has a 50-day simple moving average of $66.06 and a 200-day simple moving average of $64.80. The stock has a market cap of $3.65 billion, a PE ratio of 25.99 and a beta of 0.58.

Institutional Investors Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Smallwood Wealth Investment Management LLC grew its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 40.2% during the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 74,265 shares of the company’s stock valued at $4,827,000 after purchasing an additional 21,305 shares in the last quarter. Bank of Montreal Can grew its position in JPMorgan Hedged Equity Laddered Overlay ETF by 7,854.2% during the second quarter. Bank of Montreal Can now owns 1,909 shares of the company’s stock worth $119,000 after buying an additional 1,885 shares in the last quarter. Grant Private Wealth Management Inc bought a new position in JPMorgan Hedged Equity Laddered Overlay ETF in the 3rd quarter worth about $2,394,000. Lionsbridge Wealth Management LLC raised its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 146.7% in the 3rd quarter. Lionsbridge Wealth Management LLC now owns 27,283 shares of the company’s stock valued at $1,773,000 after acquiring an additional 16,225 shares in the last quarter. Finally, Family Capital Management Inc. bought a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the 2nd quarter valued at about $896,000.

JPMorgan Hedged Equity Laddered Overlay ETF Company Profile

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.