JPMorgan Hedged Equity Laddered Overlay ETF $HELO Position Boosted by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. raised its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) by 375.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,790 shares of the company’s stock after purchasing an additional 37,740 shares during the quarter. Pinnacle Associates Ltd.’s holdings in JPMorgan Hedged Equity Laddered Overlay ETF were worth $2,991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. boosted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 1,179.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 435 shares of the company’s stock valued at $26,000 after purchasing an additional 401 shares in the last quarter. ORG Partners LLC bought a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the 2nd quarter valued at $30,000. Avion Wealth bought a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the 2nd quarter valued at $51,000. Assetmark Inc. boosted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 24.4% during the 2nd quarter. Assetmark Inc. now owns 893 shares of the company’s stock valued at $56,000 after purchasing an additional 175 shares in the last quarter. Finally, Compass Financial Services Inc bought a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the 1st quarter valued at $64,000.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

Shares of NYSEARCA HELO opened at $65.60 on Friday. The stock has a fifty day moving average price of $64.88 and a two-hundred day moving average price of $62.89. The firm has a market cap of $3.51 billion, a P/E ratio of 25.99 and a beta of 0.58. JPMorgan Hedged Equity Laddered Overlay ETF has a 1 year low of $56.11 and a 1 year high of $66.01.

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.