Echo Wealth Management LLC Cuts Stake in JPMorgan Hedged Equity Laddered Overlay ETF $HELO

Echo Wealth Management LLC cut its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) by 22.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,343 shares of the company’s stock after selling 15,976 shares during the quarter. JPMorgan Hedged Equity Laddered Overlay ETF makes up approximately 2.0% of Echo Wealth Management LLC’s holdings, making the stock its 12th largest holding. Echo Wealth Management LLC owned about 0.09% of JPMorgan Hedged Equity Laddered Overlay ETF worth $3,537,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. ADG Wealth Management Group LLC acquired a new stake in JPMorgan Hedged Equity Laddered Overlay ETF in the first quarter worth approximately $178,000. Fiduciary Alliance LLC lifted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 12.1% in the first quarter. Fiduciary Alliance LLC now owns 101,191 shares of the company’s stock worth $6,748,000 after purchasing an additional 10,956 shares during the period. First PREMIER Bank boosted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 59.0% in the first quarter. First PREMIER Bank now owns 11,759 shares of the company’s stock valued at $752,000 after buying an additional 4,362 shares in the last quarter. RFG Advisory LLC boosted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 6.5% in the 1st quarter. RFG Advisory LLC now owns 45,524 shares of the company’s stock valued at $2,909,000 after buying an additional 2,793 shares during the last quarter. Finally, Riverchase Wealth Management LLC bought a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the 1st quarter valued at about $1,720,000.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Up 0.1%

Shares of HELO stock opened at $67.08 on Friday. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 25.99 and a beta of 0.57. The firm has a fifty day moving average of $67.55 and a 200-day moving average of $66.64. JPMorgan Hedged Equity Laddered Overlay ETF has a 12-month low of $62.36 and a 12-month high of $68.28.

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.