NewEdge Advisors LLC Trims Holdings in JPMorgan Hedged Equity Laddered Overlay ETF $HELO

NewEdge Advisors LLC trimmed its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) by 9.5% in the 2nd quarter, Holdings Channel reports. The firm owned 185,983 shares of the company’s stock after selling 19,439 shares during the quarter. NewEdge Advisors LLC’s holdings in JPMorgan Hedged Equity Laddered Overlay ETF were worth $12,569,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Jane Street Group LLC increased its holdings 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 worth $4,822,000 after purchasing an additional 9,713 shares during the period. Raymond James Financial Inc. grew its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 9.7% during the 2nd quarter. Raymond James Financial Inc. now owns 1,591,028 shares of the company’s stock worth $99,566,000 after acquiring an additional 140,094 shares in the last quarter. NCM Capital Management LLC grew its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 30.3% during the 2nd quarter. NCM Capital Management LLC now owns 20,003 shares of the company’s stock worth $1,252,000 after acquiring an additional 4,654 shares in the last quarter. Bank of America Corp DE increased 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 purchasing an additional 334,184 shares during the period. Finally, Gallagher Fiduciary Advisors LLC purchased a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the 2nd quarter valued at about $403,000.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

NYSEARCA:HELO opened at $69.24 on Friday. The firm has a 50-day simple moving average of $68.91 and a 200-day simple moving average of $67.44. JPMorgan Hedged Equity Laddered Overlay ETF has a one year low of $63.24 and a one year high of $70.23. The firm has a market cap of $4.68 billion, a P/E ratio of 25.99 and a beta of 0.56.

JPMorgan Hedged Equity Laddered Overlay ETF 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.