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

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) shares hit a new 52-week high on Wednesday . The stock traded as high as $68.00 and last traded at $67.92, with a volume of 7386 shares. The stock had previously closed at $67.88.

JPMorgan Hedged Equity Laddered Overlay ETF Trading Up 0.1%

The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 25.99 and a beta of 0.59. The stock’s fifty day simple moving average is $66.23 and its 200-day simple moving average is $66.32.

Institutional Trading of JPMorgan Hedged Equity Laddered Overlay ETF

Several hedge funds have recently modified their holdings of HELO. WNY Asset Management LLC purchased a new position in JPMorgan Hedged Equity Laddered Overlay ETF in the first quarter valued at $782,000. Mascagni Wealth Management Inc. increased its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 13.5% during the 1st quarter. Mascagni Wealth Management Inc. now owns 14,860 shares of the company’s stock worth $950,000 after purchasing an additional 1,765 shares during the period. Bank of America Corp DE increased its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 9.3% during the 1st quarter. Bank of America Corp DE now owns 2,420,158 shares of the company’s stock worth $154,672,000 after purchasing an additional 206,013 shares during the period. Royal Bank of Canada raised its position in JPMorgan Hedged Equity Laddered Overlay ETF by 3.9% in the 1st quarter. Royal Bank of Canada now owns 511,303 shares of the company’s stock valued at $32,677,000 after purchasing an additional 19,064 shares in the last quarter. Finally, Gateway Wealth Partners LLC raised its position in JPMorgan Hedged Equity Laddered Overlay ETF by 19.8% in the 1st quarter. Gateway Wealth Partners LLC now owns 27,580 shares of the company’s stock valued at $1,763,000 after purchasing an additional 4,555 shares in 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.