JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Sets New 1-Year High – Should You Buy?

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $67.40 and last traded at $67.3750, with a volume of 115319 shares traded. The stock had previously closed at $67.16.

JPMorgan Hedged Equity Laddered Overlay ETF Trading Up 0.2%

The stock has a market cap of $3.80 billion, a P/E ratio of 25.99 and a beta of 0.58. The business has a 50-day simple moving average of $66.63 and a 200 day simple moving average of $65.39.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HELO. Bank of New York Mellon Corp acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the 2nd quarter worth approximately $93,746,000. RWA Wealth Partners LLC bought a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the second quarter worth $54,657,000. Bank of America Corp DE lifted its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 22.4% in the third quarter. Bank of America Corp DE now owns 2,053,130 shares of the company’s stock valued at $133,453,000 after buying an additional 375,879 shares during the period. Ameriprise Financial Inc. acquired a new position in JPMorgan Hedged Equity Laddered Overlay ETF in the third quarter valued at $21,635,000. Finally, Envestnet Asset Management Inc. boosted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 14.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,566,323 shares of the company’s stock valued at $160,517,000 after acquiring an additional 324,692 shares during the last quarter.

About JPMorgan Hedged Equity Laddered Overlay ETF

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.