JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Hits New 12-Month High – Here’s What Happened

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

JPMorgan Hedged Equity Laddered Overlay ETF Stock Down 0.3%

The firm has a market cap of $4.02 billion, a PE ratio of 25.99 and a beta of 0.59. The firm has a 50 day moving average of $65.96 and a 200 day moving average of $66.21.

Hedge Funds Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in HELO. Jane Street Group LLC increased its position in JPMorgan Hedged Equity Laddered Overlay ETF by 13.7% during the 1st quarter. Jane Street Group LLC now owns 80,796 shares of the company’s stock valued at $4,822,000 after purchasing an additional 9,713 shares during the period. NewEdge Advisors LLC increased its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 46.7% during the second quarter. NewEdge Advisors LLC now owns 73,096 shares of the company’s stock valued at $4,574,000 after buying an additional 23,263 shares during the period. Raymond James Financial Inc. raised its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 9.7% in the second quarter. Raymond James Financial Inc. now owns 1,591,028 shares of the company’s stock worth $99,566,000 after buying an additional 140,094 shares in the last quarter. NCM Capital Management LLC lifted its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 30.3% in the second quarter. NCM Capital Management LLC now owns 20,003 shares of the company’s stock worth $1,252,000 after buying an additional 4,654 shares during the period. Finally, Bank of America Corp DE boosted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 24.9% during the 2nd quarter. Bank of America Corp DE now owns 1,677,251 shares of the company’s stock valued at $104,962,000 after acquiring an additional 334,184 shares in the last quarter.

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.