JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Hits New 52-Week High – Should You Buy?

Shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) hit a new 52-week high on Tuesday . The company traded as high as $66.74 and last traded at $66.74, with a volume of 74012 shares trading hands. The stock had previously closed at $66.62.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Up 0.3%

The stock’s 50-day moving average price is $65.65 and its 200 day moving average price is $64.34. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 25.99 and a beta of 0.58.

Institutional Investors Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF

A number of large investors have recently made changes to their positions in HELO. Benjamin Edwards Inc. increased its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 1.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 15,324 shares of the company’s stock worth $996,000 after acquiring an additional 160 shares during the last quarter. Assetmark Inc. increased its position in JPMorgan Hedged Equity Laddered Overlay ETF by 24.4% during the second quarter. Assetmark Inc. now owns 893 shares of the company’s stock worth $56,000 after purchasing an additional 175 shares during the last quarter. Nvwm LLC raised its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 1.4% during the second quarter. Nvwm LLC now owns 13,839 shares of the company’s stock worth $866,000 after purchasing an additional 185 shares during the period. Lakeridge Wealth Management LLC boosted its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 1.1% in the 3rd quarter. Lakeridge Wealth Management LLC now owns 18,452 shares of the company’s stock valued at $1,199,000 after purchasing an additional 194 shares during the last quarter. Finally, WESPAC Advisors LLC grew its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 3.6% in the 2nd quarter. WESPAC Advisors LLC now owns 5,745 shares of the company’s stock valued at $360,000 after buying an additional 201 shares during the period.

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.