JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Hits New 12-Month High – Time to Buy?

Shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $66.03 and last traded at $65.83, with a volume of 28451 shares trading hands. The stock had previously closed at $65.81.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Up 0.1%

The business’s 50 day moving average is $65.14 and its 200 day moving average is $63.36. The company has a market cap of $3.56 billion, a P/E ratio of 25.99 and a beta of 0.58.

Institutional Investors Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Allen Capital Group LLC lifted its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 136.0% during the first quarter. Allen Capital Group LLC now owns 12,829 shares of the company’s stock worth $766,000 after purchasing an additional 7,393 shares during the period. Fortis Group Advisors LLC purchased a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the first quarter worth $677,000. Private Advisor Group LLC raised its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 17.3% during the 1st quarter. Private Advisor Group LLC now owns 237,476 shares of the company’s stock valued at $14,173,000 after buying an additional 35,016 shares during the last quarter. Resurgent Financial Advisors LLC lifted its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 5.0% in the 1st quarter. Resurgent Financial Advisors LLC now owns 6,928 shares of the company’s stock valued at $413,000 after buying an additional 332 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 12.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 158,688 shares of the company’s stock valued at $9,470,000 after buying an additional 17,249 shares during the period.

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.