Orrstown Financial Services Inc. Grows Stock Position in JPMorgan Hedged Equity Laddered Overlay ETF $HELO

Orrstown Financial Services Inc. raised its position in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 156,248 shares of the company’s stock after purchasing an additional 8,978 shares during the period. JPMorgan Hedged Equity Laddered Overlay ETF accounts for 1.6% of Orrstown Financial Services Inc.’s investment portfolio, making the stock its 9th biggest position. Orrstown Financial Services Inc. owned about 0.27% of JPMorgan Hedged Equity Laddered Overlay ETF worth $10,559,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC raised its stake in 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 in the last quarter. Bank of America Corp DE raised its position in JPMorgan Hedged Equity Laddered Overlay ETF by 9.3% in the 1st quarter. Bank of America Corp DE now owns 2,420,158 shares of the company’s stock worth $154,672,000 after purchasing an additional 206,013 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 10.1% during the first quarter. Bank of New York Mellon Corp now owns 2,229,653 shares of the company’s stock valued at $142,497,000 after purchasing an additional 203,792 shares during the period. Raymond James Financial Inc. raised its position in JPMorgan Hedged Equity Laddered Overlay ETF by 26.6% during the 4th quarter. Raymond James Financial Inc. now owns 1,742,174 shares of the company’s stock valued at $115,733,000 after purchasing an additional 365,572 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 70.8% during the first quarter. Cetera Investment Advisers now owns 1,584,346 shares of the company’s stock valued at $101,256,000 after buying an additional 656,912 shares during the period.

JPMorgan Hedged Equity Laddered Overlay ETF Price Performance

Shares of NYSEARCA HELO opened at $69.81 on Tuesday. JPMorgan Hedged Equity Laddered Overlay ETF has a 1 year low of $63.24 and a 1 year high of $69.93. The company’s 50-day moving average is $67.93 and its 200 day moving average is $66.99. The stock has a market capitalization of $4.72 billion, a P/E ratio of 25.99 and a beta of 0.56.

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.