Freedom Investment Management Inc. Purchases New Stake in JPMorgan Hedged Equity Laddered Overlay ETF $HELO

Freedom Investment Management Inc. purchased a new stake in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 3,897 shares of the company’s stock, valued at approximately $244,000.

A number of other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 45.7% during the first quarter. Envestnet Asset Management Inc. now owns 2,241,631 shares of the company’s stock valued at $133,781,000 after purchasing an additional 703,364 shares during the period. Forvis Mazars Wealth Advisors LLC raised its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 14.2% during the second quarter. Forvis Mazars Wealth Advisors LLC now owns 2,163,590 shares of the company’s stock valued at $135,397,000 after purchasing an additional 268,943 shares during the period. LPL Financial LLC raised its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 64.1% during the first quarter. LPL Financial LLC now owns 1,958,754 shares of the company’s stock valued at $116,898,000 after purchasing an additional 765,200 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 26.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,777,086 shares of the company’s stock valued at $111,868,000 after purchasing an additional 373,033 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 56.5% during the first quarter. Cetera Investment Advisers now owns 1,515,962 shares of the company’s stock valued at $90,473,000 after purchasing an additional 547,444 shares during the period.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Up 0.3%

HELO opened at $65.75 on Tuesday. The firm has a market capitalization of $3.52 billion, a P/E ratio of 25.99 and a beta of 0.58. The firm’s 50 day moving average is $64.74 and its 200-day moving average is $62.69. JPMorgan Hedged Equity Laddered Overlay ETF has a 52-week low of $56.11 and a 52-week high of $65.98.

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.