Valmark Advisers Inc. purchased a new stake in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 85,748 shares of the company’s stock, valued at approximately $5,931,000. Valmark Advisers Inc. owned about 0.12% of JPMorgan Hedged Equity Laddered Overlay ETF at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Garrett Wealth Advisory Group LLC lifted its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 2.5% in the third quarter. Garrett Wealth Advisory Group LLC now owns 316,008 shares of the company’s stock worth $21,858,000 after acquiring an additional 7,700 shares during the period. Smallwood Wealth Investment Management LLC boosted its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 19.7% in the second quarter. Smallwood Wealth Investment Management LLC now owns 106,768 shares of the company’s stock valued at $7,215,000 after acquiring an additional 17,605 shares during the last quarter. IFP Advisors Inc increased its position in JPMorgan Hedged Equity Laddered Overlay ETF by 295.6% during the 3rd quarter. IFP Advisors Inc now owns 111,052 shares of the company’s stock valued at $7,681,000 after purchasing an additional 82,977 shares during the period. Apella Capital LLC acquired a new stake in JPMorgan Hedged Equity Laddered Overlay ETF during the 3rd quarter valued at approximately $18,534,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in JPMorgan Hedged Equity Laddered Overlay ETF during the 3rd quarter valued at approximately $939,000.
JPMorgan Hedged Equity Laddered Overlay ETF Stock Down 0.4%
JPMorgan Hedged Equity Laddered Overlay ETF stock traded down $0.26 during mid-day trading on Friday, hitting $68.73. 163,850 shares of the stock were exchanged, compared to its average volume of 334,457. JPMorgan Hedged Equity Laddered Overlay ETF has a 12 month low of $63.24 and a 12 month high of $70.23. The firm’s fifty day simple moving average is $69.27 and its two-hundred day simple moving average is $67.81. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 23.43 and a beta of 0.57.
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.
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