JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Reaches New 12-Month High – Should You Buy?

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $68.00 and last traded at $67.67, with a volume of 20219 shares. The stock had previously closed at $67.69.

JPMorgan Hedged Equity Laddered Overlay ETF Price Performance

The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 25.99 and a beta of 0.59. The firm has a fifty day moving average of $66.02 and a 200 day moving average of $66.24.

Institutional Trading of JPMorgan Hedged Equity Laddered Overlay ETF

A number of institutional investors have recently made changes to their positions in HELO. Jane Street Group LLC boosted its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 13.7% in the first 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 during the last quarter. NewEdge Advisors LLC lifted its position in 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 worth $4,574,000 after buying an additional 23,263 shares in the last quarter. Raymond James Financial Inc. lifted its position in 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 worth $99,566,000 after buying an additional 140,094 shares in the last quarter. NCM Capital Management LLC lifted 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 worth $1,252,000 after buying an additional 4,654 shares in the last quarter. Finally, Bank of America Corp DE lifted 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 worth $104,962,000 after buying an additional 334,184 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.