JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Hits 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 Thursday . The company traded as high as $69.93 and last traded at $69.61, with a volume of 229106 shares changing hands. The stock had previously closed at $69.59.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

The stock has a 50 day moving average price of $67.90 and a 200 day moving average price of $66.96. The company has a market cap of $4.72 billion, a P/E ratio of 25.99 and a beta of 0.56.

Institutional Trading of JPMorgan Hedged Equity Laddered Overlay ETF

A number of large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its stake 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 acquiring an additional 9,713 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 46.7% during the second quarter. NewEdge Advisors LLC now owns 73,096 shares of the company’s stock valued at $4,574,000 after buying an additional 23,263 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 9.7% during the second quarter. Raymond James Financial Inc. now owns 1,591,028 shares of the company’s stock valued at $99,566,000 after buying an additional 140,094 shares in the last quarter. NCM Capital Management LLC raised its position in JPMorgan Hedged Equity Laddered Overlay ETF by 30.3% during the second quarter. NCM Capital Management LLC now owns 20,003 shares of the company’s stock valued at $1,252,000 after buying an additional 4,654 shares during the period. Finally, Bank of America Corp DE raised its position in JPMorgan Hedged Equity Laddered Overlay ETF by 24.9% during the second quarter. Bank of America Corp DE now owns 1,677,251 shares of the company’s stock valued at $104,962,000 after buying 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.