Patten & Patten Inc. TN Has $16.21 Million Holdings in JPMorgan Hedged Equity Laddered Overlay ETF $HELO

Patten & Patten Inc. TN lessened its position in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) by 3.2% in the fourth quarter, HoldingsChannel reports. The fund owned 244,071 shares of the company’s stock after selling 8,167 shares during the quarter. JPMorgan Hedged Equity Laddered Overlay ETF makes up approximately 1.0% of Patten & Patten Inc. TN’s holdings, making the stock its 27th largest holding. Patten & Patten Inc. TN’s holdings in JPMorgan Hedged Equity Laddered Overlay ETF were worth $16,214,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HELO. Bank of America Corp DE grew its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 22.4% in the third quarter. Bank of America Corp DE now owns 2,053,130 shares of the company’s stock valued at $133,453,000 after acquiring an additional 375,879 shares during the period. Ameriprise Financial Inc. acquired a new stake in JPMorgan Hedged Equity Laddered Overlay ETF in the third quarter valued at approximately $21,635,000. Leo Wealth LLC acquired a new stake in JPMorgan Hedged Equity Laddered Overlay ETF in the fourth quarter valued at approximately $17,065,000. Bank of New York Mellon Corp grew its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 16.6% in the third quarter. Bank of New York Mellon Corp now owns 1,746,667 shares of the company’s stock valued at $113,533,000 after acquiring an additional 248,651 shares during the period. Finally, Forvis Mazars Wealth Advisors LLC grew its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 10.6% in the third quarter. Forvis Mazars Wealth Advisors LLC now owns 2,393,885 shares of the company’s stock valued at $155,603,000 after acquiring an additional 230,295 shares during the period.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

Shares of JPMorgan Hedged Equity Laddered Overlay ETF stock opened at $67.68 on Friday. JPMorgan Hedged Equity Laddered Overlay ETF has a 52 week low of $59.78 and a 52 week high of $67.88. The stock has a 50 day moving average price of $65.84 and a two-hundred day moving average price of $66.12. The stock has a market capitalization of $4.02 billion, a PE ratio of 25.99 and a beta of 0.59.

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.