JPMorgan Hedged Equity Laddered Overlay ETF $HELO Shares Newly Bought by Valmark Advisers Inc.

Valmark Advisers Inc. purchased a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) in the third quarter, HoldingsChannel.com reports. The firm purchased 85,748 shares of the company’s stock, valued at approximately $5,931,000.

Several other hedge funds have also recently made changes to their positions in HELO. Forvis Mazars Wealth Advisors LLC acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the 3rd quarter valued at about $251,123,000. Bank of America Corp DE boosted its position in shares of 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 valued at $154,672,000 after purchasing an additional 206,013 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 10.1% during the 1st quarter. Bank of New York Mellon Corp now owns 2,229,653 shares of the company’s stock valued at $142,497,000 after purchasing an additional 203,792 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 70.8% during the 1st quarter. Cetera Investment Advisers now owns 1,584,346 shares of the company’s stock valued at $101,256,000 after purchasing an additional 656,912 shares in the last quarter. Finally, Peterson Wealth Advisors LLC grew its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 4.9% during the third quarter. Peterson Wealth Advisors LLC now owns 769,019 shares of the company’s stock worth $53,193,000 after purchasing an additional 36,083 shares during the period.

JPMorgan Hedged Equity Laddered Overlay ETF Trading Down 0.4%

NYSEARCA HELO traded down $0.26 during trading hours on Friday, hitting $68.73. 163,850 shares of the company’s stock were exchanged, compared to its average volume of 334,457. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 23.43 and a beta of 0.57. The stock has a 50-day simple moving average of $69.27 and a 200 day simple moving average of $67.81. JPMorgan Hedged Equity Laddered Overlay ETF has a 1-year low of $63.24 and a 1-year high of $70.23.

JPMorgan Hedged Equity Laddered Overlay ETF 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.