JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Reaches New 52-Week High – Here’s Why

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) reached a new 52-week high on Thursday . The stock traded as high as $67.88 and last traded at $67.87, with a volume of 42425 shares trading hands. The stock had previously closed at $67.76.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

The firm has a fifty day moving average price of $65.90 and a two-hundred day moving average price of $66.18. The stock has a market capitalization of $4.03 billion, a P/E ratio of 25.99 and a beta of 0.59.

Hedge Funds Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers lifted its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 70.8% during the 1st 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. Signature Equity Partners LLC lifted its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 38.8% during the 1st quarter. Signature Equity Partners LLC now owns 1,667 shares of the company’s stock valued at $107,000 after buying an additional 466 shares during the period. Aire Advisors LLC lifted its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 2.9% during the 1st quarter. Aire Advisors LLC now owns 146,382 shares of the company’s stock valued at $9,355,000 after buying an additional 4,173 shares during the period. Thayer Partners LLC MA bought a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the 1st quarter valued at $399,000. Finally, Birchwood Financial Partners Inc. raised its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 7.7% in the 1st quarter. Birchwood Financial Partners Inc. now owns 9,933 shares of the company’s stock worth $635,000 after purchasing an additional 713 shares during the period.

About JPMorgan Hedged Equity Laddered Overlay ETF

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.