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

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $67.19 and last traded at $67.1820, with a volume of 39896 shares changing hands. The stock had previously closed at $66.99.

JPMorgan Hedged Equity Laddered Overlay ETF Price Performance

The firm has a market capitalization of $3.76 billion, a P/E ratio of 25.99 and a beta of 0.58. The company’s 50-day simple moving average is $66.47 and its two-hundred day simple moving average is $65.18.

Institutional Trading of JPMorgan Hedged Equity Laddered Overlay ETF

Several hedge funds have recently bought and sold shares of the stock. Comerica Bank raised its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 5.6% in the fourth quarter. Comerica Bank now owns 6,535 shares of the company’s stock worth $434,000 after buying an additional 348 shares during the period. UBS Group AG increased its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 30.7% in the 4th quarter. UBS Group AG now owns 896,778 shares of the company’s stock worth $59,573,000 after acquiring an additional 210,517 shares in the last quarter. Sanctuary Advisors LLC raised its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 8.8% during the 4th quarter. Sanctuary Advisors LLC now owns 10,620 shares of the company’s stock worth $705,000 after acquiring an additional 859 shares during the period. N.E.W. Advisory Services LLC raised its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 12.2% during the 4th quarter. N.E.W. Advisory Services LLC now owns 1,963 shares of the company’s stock worth $130,000 after acquiring an additional 213 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 7.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 18,506 shares of the company’s stock valued at $1,229,000 after purchasing an additional 1,322 shares in 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.