Orrstown Financial Services Inc. Raises Position in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO)

Orrstown Financial Services Inc. lifted its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 87,519 shares of the company’s stock after acquiring an additional 396 shares during the period. JPMorgan Hedged Equity Laddered Overlay ETF makes up 1.5% of Orrstown Financial Services Inc.’s holdings, making the stock its 14th biggest holding. Orrstown Financial Services Inc.’s holdings in JPMorgan Hedged Equity Laddered Overlay ETF were worth $5,430,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the third quarter worth $542,000. Stifel Financial Corp acquired a new position in JPMorgan Hedged Equity Laddered Overlay ETF in the 3rd quarter worth $934,000. JPMorgan Chase & Co. lifted its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 35.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 343,256 shares of the company’s stock worth $20,987,000 after buying an additional 89,742 shares in the last quarter. Blue Trust Inc. purchased a new position in JPMorgan Hedged Equity Laddered Overlay ETF in the 3rd quarter valued at about $325,000. Finally, HBW Advisory Services LLC grew its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 104.7% during the third quarter. HBW Advisory Services LLC now owns 27,342 shares of the company’s stock valued at $1,672,000 after acquiring an additional 13,983 shares in the last quarter.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

Shares of NYSEARCA:HELO traded down $0.15 during trading on Wednesday, hitting $63.06. The company’s stock had a trading volume of 59,166 shares, compared to its average volume of 383,183. The company has a market capitalization of $682.89 million, a PE ratio of 24.88 and a beta of 0.56. JPMorgan Hedged Equity Laddered Overlay ETF has a fifty-two week low of $53.60 and a fifty-two week high of $63.50. The stock’s 50-day moving average price is $62.75 and its two-hundred day moving average price is $61.16.

JPMorgan Hedged Equity Laddered Overlay ETF 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.