Northwestern Mutual Wealth Management Co. boosted its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO – Free Report) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,886 shares of the company’s stock after buying an additional 8,848 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.17% of JPMorgan Hedged Equity Laddered Overlay ETF worth $6,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in HELO. Bank of America Corp DE increased its position in JPMorgan Hedged Equity Laddered Overlay ETF by 22.4% during the 3rd 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 in the last quarter. Ameriprise Financial Inc. acquired a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the 3rd quarter valued at about $21,635,000. Leo Wealth LLC acquired a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the 4th quarter valued at about $17,065,000. UBS Group AG increased its position in JPMorgan Hedged Equity Laddered Overlay ETF by 30.7% during the 4th 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 in the last quarter. Finally, Tcfg Wealth Management LLC acquired a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the 3rd quarter valued at about $13,295,000.
JPMorgan Hedged Equity Laddered Overlay ETF Price Performance
Shares of NYSEARCA:HELO opened at $68.03 on Wednesday. The business’s 50-day moving average is $66.46 and its 200 day moving average is $66.39. JPMorgan Hedged Equity Laddered Overlay ETF has a 1 year low of $61.30 and a 1 year high of $68.22. The firm has a market capitalization of $4.04 billion, a P/E ratio of 25.99 and a beta of 0.59.
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.
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