JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Sets New 52-Week High – Should You Buy?

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $68.28 and last traded at $67.81, with a volume of 48174 shares trading hands. The stock had previously closed at $67.35.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

The company has a market cap of $4.04 billion, a P/E ratio of 25.99 and a beta of 0.57. The business’s fifty day moving average is $67.08 and its two-hundred day moving average is $66.54.

Institutional Trading of JPMorgan Hedged Equity Laddered Overlay ETF

Several institutional investors and hedge funds have recently modified their holdings of HELO. Jane Street Group LLC grew its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 13.7% during the 1st quarter. Jane Street Group LLC now owns 80,796 shares of the company’s stock worth $4,822,000 after buying an additional 9,713 shares in the last quarter. NewEdge Advisors LLC grew its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 46.7% during the 2nd quarter. NewEdge Advisors LLC now owns 73,096 shares of the company’s stock worth $4,574,000 after acquiring an additional 23,263 shares in the last quarter. Raymond James Financial Inc. increased its position in JPMorgan Hedged Equity Laddered Overlay ETF by 9.7% during the 2nd quarter. Raymond James Financial Inc. now owns 1,591,028 shares of the company’s stock valued at $99,566,000 after purchasing an additional 140,094 shares during the period. NCM Capital Management LLC raised its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 30.3% in the 2nd quarter. NCM Capital Management LLC now owns 20,003 shares of the company’s stock valued at $1,252,000 after purchasing an additional 4,654 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 24.9% in the 2nd quarter. Bank of America Corp DE now owns 1,677,251 shares of the company’s stock worth $104,962,000 after purchasing an additional 334,184 shares during the period.

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.