Mechanics Bank Trust Department Makes New Investment in JPMorgan Hedged Equity Laddered Overlay ETF $HELO

Mechanics Bank Trust Department purchased a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,570 shares of the company’s stock, valued at approximately $1,146,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Forvis Mazars Wealth Advisors LLC bought a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the third quarter worth about $251,123,000. Bank of America Corp DE lifted its holdings 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 in the last quarter. Bank of New York Mellon Corp lifted its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 10.1% in the 1st quarter. Bank of New York Mellon Corp now owns 2,229,653 shares of the company’s stock worth $142,497,000 after purchasing an additional 203,792 shares in the last quarter. Cetera Investment Advisers boosted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 70.8% in the 1st quarter. Cetera Investment Advisers now owns 1,584,346 shares of the company’s stock worth $101,256,000 after purchasing an additional 656,912 shares during the period. Finally, Peterson Wealth Advisors LLC boosted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 4.9% in the 3rd quarter. Peterson Wealth Advisors LLC now owns 769,019 shares of the company’s stock worth $53,193,000 after purchasing an additional 36,083 shares during the period.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

HELO traded down $0.09 during trading on Tuesday, reaching $69.89. 377,740 shares of the company traded hands, compared to its average volume of 337,155. JPMorgan Hedged Equity Laddered Overlay ETF has a 12-month low of $63.24 and a 12-month high of $70.23. The firm has a fifty day simple moving average of $69.52 and a 200 day simple moving average of $68.02. The company has a market cap of $4.89 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.