Pinnacle Associates Ltd. Has $7.69 Million Stock Position in JPMorgan Hedged Equity Laddered Overlay ETF $HELO

Pinnacle Associates Ltd. boosted its holdings in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) by 53.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 115,803 shares of the company’s stock after purchasing an additional 40,181 shares during the quarter. Pinnacle Associates Ltd. owned about 0.21% of JPMorgan Hedged Equity Laddered Overlay ETF worth $7,693,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. First Horizon Corp bought a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the 3rd quarter valued at $48,000. Larson Financial Group LLC acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the 3rd quarter valued at $58,000. Root Financial Partners LLC acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the 3rd quarter valued at $78,000. Foster Dykema Cabot & Partners LLC bought a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the third quarter worth $104,000. Finally, LRI Investments LLC acquired a new stake in JPMorgan Hedged Equity Laddered Overlay ETF in the fourth quarter worth $126,000.

JPMorgan Hedged Equity Laddered Overlay ETF Trading Up 0.2%

NYSEARCA:HELO opened at $67.88 on Friday. JPMorgan Hedged Equity Laddered Overlay ETF has a 12 month low of $60.29 and a 12 month high of $67.92. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 25.99 and a beta of 0.59. The firm has a fifty day simple moving average of $65.93 and a two-hundred day simple moving average of $66.20.

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. 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.