Palumbo Wealth Management LLC Acquires New Position in JPMorgan Hedged Equity Laddered Overlay ETF $HELO

Palumbo Wealth Management LLC acquired a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 83,717 shares of the company’s stock, valued at approximately $5,561,000. JPMorgan Hedged Equity Laddered Overlay ETF makes up about 1.4% of Palumbo Wealth Management LLC’s investment portfolio, making the stock its 17th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Corp purchased a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the third quarter valued at approximately $48,000. Larson Financial Group LLC purchased a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the third quarter valued at approximately $58,000. Root Financial Partners LLC bought a new stake in JPMorgan Hedged Equity Laddered Overlay ETF in the third quarter worth approximately $78,000. Foster Dykema Cabot & Partners LLC bought a new stake in JPMorgan Hedged Equity Laddered Overlay ETF in the third quarter worth approximately $104,000. Finally, Ulland Investment Advisors LLC grew its position in JPMorgan Hedged Equity Laddered Overlay ETF by 14.5% in the third quarter. Ulland Investment Advisors LLC now owns 2,370 shares of the company’s stock worth $154,000 after acquiring an additional 300 shares in the last quarter.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Up 0.1%

HELO stock opened at $64.31 on Wednesday. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 25.99 and a beta of 0.60. JPMorgan Hedged Equity Laddered Overlay ETF has a 12 month low of $56.32 and a 12 month high of $67.60. The firm has a 50 day moving average of $65.85 and a two-hundred day moving average of $65.84.

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.