JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Stock Crosses Above 50-Day Moving Average – What’s Next?

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO)’s share price crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $69.43 and traded as high as $69.64. JPMorgan Hedged Equity Laddered Overlay ETF shares last traded at $69.52, with a volume of 228,031 shares.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

The stock has a market cap of $4.93 billion, a PE ratio of 25.99 and a beta of 0.56. The business has a 50 day moving average price of $69.43 and a two-hundred day moving average price of $67.70.

Institutional Trading of JPMorgan Hedged Equity Laddered Overlay ETF

A number of hedge funds have recently bought and sold shares of the business. Forvis Mazars Wealth Advisors LLC purchased a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the third quarter worth about $251,123,000. Bank of America Corp DE increased its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 9.3% in the 1st quarter. Bank of America Corp DE now owns 2,420,158 shares of the company’s stock worth $154,672,000 after acquiring an additional 206,013 shares during the last quarter. Bank of New York Mellon Corp increased its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 10.1% in the 1st quarter. Bank of New York Mellon Corp now owns 2,229,653 shares of the company’s stock worth $142,497,000 after acquiring an additional 203,792 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 70.8% in the 1st quarter. Cetera Investment Advisers now owns 1,584,346 shares of the company’s stock valued at $101,256,000 after acquiring an additional 656,912 shares in the last quarter. Finally, Peterson Wealth Advisors LLC raised its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 4.9% in the 3rd quarter. Peterson Wealth Advisors LLC now owns 769,019 shares of the company’s stock valued at $53,193,000 after acquiring an additional 36,083 shares in the last quarter.

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.