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

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $68.31 and last traded at $68.31, with a volume of 83497 shares changing hands. The stock had previously closed at $68.06.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

The stock has a market capitalization of $3.99 billion, a P/E ratio of 25.99 and a beta of 0.57. The stock has a 50 day moving average of $67.68 and a 200 day moving average of $66.75.

Institutional Trading of JPMorgan Hedged Equity Laddered Overlay ETF

Large investors have recently modified their holdings of the company. LPL Financial LLC boosted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 20.8% during the 4th 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 period. Bank of America Corp DE increased its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 9.3% in the first quarter. Bank of America Corp DE now owns 2,420,158 shares of the company’s stock valued at $154,672,000 after purchasing an additional 206,013 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 10.1% during the first quarter. Bank of New York Mellon Corp now owns 2,229,653 shares of the company’s stock valued at $142,497,000 after buying an additional 203,792 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 5.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,021,674 shares of the company’s stock valued at $135,392,000 after buying an additional 99,012 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 26.6% during the fourth quarter. Raymond James Financial Inc. now owns 1,742,174 shares of the company’s stock valued at $115,733,000 after buying an additional 365,572 shares during the last quarter.

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.