JPMorgan Hedged Equity Laddered Overlay ETF $HELO Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) by 31.2% in the fourth quarter, HoldingsChannel reports. The firm owned 84,165 shares of the company’s stock after selling 38,101 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in JPMorgan Hedged Equity Laddered Overlay ETF were worth $5,591,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HELO. Bank of America Corp DE boosted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 22.4% during the 3rd quarter. Bank of America Corp DE now owns 2,053,130 shares of the company’s stock valued at $133,453,000 after purchasing an additional 375,879 shares during the period. Ameriprise Financial Inc. bought a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the third quarter worth $21,635,000. Leo Wealth LLC bought a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the fourth quarter worth $17,065,000. Bank of New York Mellon Corp grew its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 16.6% in the third quarter. Bank of New York Mellon Corp now owns 1,746,667 shares of the company’s stock worth $113,533,000 after purchasing an additional 248,651 shares in the last quarter. Finally, Forvis Mazars Wealth Advisors LLC grew its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 10.6% in the third quarter. Forvis Mazars Wealth Advisors LLC now owns 2,393,885 shares of the company’s stock worth $155,603,000 after purchasing an additional 230,295 shares in the last quarter.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

NYSEARCA:HELO opened at $67.84 on Thursday. JPMorgan Hedged Equity Laddered Overlay ETF has a 1 year low of $60.29 and a 1 year high of $68.00. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 25.99 and a beta of 0.59. The business has a fifty day moving average of $66.05 and a 200-day moving average of $66.25.

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.