JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Hits New 12-Month High – Here’s Why

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $68.40 and last traded at $68.36, with a volume of 163865 shares changing hands. The stock had previously closed at $68.15.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 25.99 and a beta of 0.57. The firm’s 50-day simple moving average is $67.71 and its 200-day simple moving average is $66.78.

Institutional Investors Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF

Several hedge funds have recently made changes to their positions in HELO. Brookstone Capital Management raised its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 22.8% in the 4th quarter. Brookstone Capital Management now owns 240,598 shares of the company’s stock worth $15,983,000 after buying an additional 44,712 shares in the last quarter. Aspire Capital Advisors LLC boosted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 4.6% in the 4th quarter. Aspire Capital Advisors LLC now owns 194,718 shares of the company’s stock valued at $12,935,000 after buying an additional 8,546 shares in the last quarter. Leo Wealth LLC acquired a new stake in JPMorgan Hedged Equity Laddered Overlay ETF in the 4th quarter valued at $17,065,000. Pinnacle Wealth Management Advisory Group LLC grew its position in JPMorgan Hedged Equity Laddered Overlay ETF by 53.0% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 89,917 shares of the company’s stock valued at $5,973,000 after acquiring an additional 31,144 shares during the period. Finally, Riverchase Wealth Management LLC bought a new stake in JPMorgan Hedged Equity Laddered Overlay ETF in the first quarter valued at $1,720,000.

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.