Pinnacle Wealth Management Advisory Group LLC Acquires 107,635 Shares of JPMorgan Hedged Equity Laddered Overlay ETF $HELO

Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) by 58.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,065 shares of the company’s stock after purchasing an additional 107,635 shares during the period. JPMorgan Hedged Equity Laddered Overlay ETF accounts for approximately 1.2% of Pinnacle Wealth Management Advisory Group LLC’s holdings, making the stock its 21st largest holding. Pinnacle Wealth Management Advisory Group LLC owned approximately 0.43% of JPMorgan Hedged Equity Laddered Overlay ETF worth $19,805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HELO. Harbor Asset Planning Inc. increased its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 9.8% in the first quarter. Harbor Asset Planning Inc. now owns 1,705 shares of the company’s stock valued at $109,000 after buying an additional 152 shares in the last quarter. Marks Group Wealth Management Inc increased its position in JPMorgan Hedged Equity Laddered Overlay ETF by 2.9% in the 4th quarter. Marks Group Wealth Management Inc now owns 6,006 shares of the company’s stock valued at $399,000 after acquiring an additional 167 shares in the last quarter. CAP Partners LLC raised its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 2.2% in the first quarter. CAP Partners LLC now owns 8,674 shares of the company’s stock worth $554,000 after acquiring an additional 190 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 5.0% in the fourth quarter. Cornerstone Wealth Management LLC now owns 4,209 shares of the company’s stock worth $280,000 after acquiring an additional 200 shares during the last quarter. Finally, Clearstead Trust LLC lifted its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 3.3% during the fourth quarter. Clearstead Trust LLC now owns 6,879 shares of the company’s stock worth $457,000 after purchasing an additional 222 shares in the last quarter.

JPMorgan Hedged Equity Laddered Overlay ETF Price Performance

HELO opened at $69.39 on Wednesday. JPMorgan Hedged Equity Laddered Overlay ETF has a one year low of $63.24 and a one year high of $70.23. The company’s 50 day simple moving average is $68.82 and its 200-day simple moving average is $67.40. The stock has a market capitalization of $4.69 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.