Shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO – Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $70.01 and last traded at $69.82, with a volume of 6782 shares traded. The stock had previously closed at $69.72.
JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance
The stock has a market capitalization of $4.72 billion, a PE ratio of 25.99 and a beta of 0.56. The stock’s 50 day moving average is $67.97 and its two-hundred day moving average is $67.01.
Hedge Funds Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Taylor Securities Services Inc. acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the 4th quarter worth approximately $49,730,000. Cetera Investment Advisers increased its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 70.8% in the first quarter. Cetera Investment Advisers now owns 1,584,346 shares of the company’s stock valued at $101,256,000 after purchasing an additional 656,912 shares during the last quarter. LPL Financial LLC increased its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 20.8% in the fourth 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 last quarter. Bank of America Corp DE lifted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 22.4% during the third quarter. Bank of America Corp DE now owns 2,053,130 shares of the company’s stock worth $133,453,000 after buying an additional 375,879 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in 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 worth $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.
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