Forvis Mazars Wealth Advisors LLC Purchases 3,630,519 Shares of JPMorgan Hedged Equity Laddered Overlay ETF $HELO

Forvis Mazars Wealth Advisors LLC purchased a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) during the 3rd quarter, Holdings Channel reports. The fund purchased 3,630,519 shares of the company’s stock, valued at approximately $251,123,000. JPMorgan Hedged Equity Laddered Overlay ETF makes up approximately 4.1% of Forvis Mazars Wealth Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Forvis Mazars Wealth Advisors LLC owned about 0.05% of JPMorgan Hedged Equity Laddered Overlay ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Riverchase Wealth Management LLC acquired a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the first quarter valued at about $1,720,000. Smallwood Wealth Investment Management LLC boosted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 19.7% during the second quarter. Smallwood Wealth Investment Management LLC now owns 106,768 shares of the company’s stock valued at $7,215,000 after purchasing an additional 17,605 shares during the last quarter. Triad Wealth Partners LLC boosted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 54.1% during the first quarter. Triad Wealth Partners LLC now owns 280,770 shares of the company’s stock valued at $17,944,000 after purchasing an additional 98,552 shares during the last quarter. Valmark Advisers Inc. boosted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 523.8% during the first quarter. Valmark Advisers Inc. now owns 75,728 shares of the company’s stock valued at $4,840,000 after purchasing an additional 63,589 shares during the last quarter. Finally, USAdvisors Wealth Management LLC grew its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 7.5% in the first quarter. USAdvisors Wealth Management LLC now owns 122,850 shares of the company’s stock valued at $7,780,000 after purchasing an additional 8,525 shares in the last quarter.

JPMorgan Hedged Equity Laddered Overlay ETF Price Performance

HELO stock traded down $0.09 during mid-day trading on Tuesday, reaching $69.89. The company had a trading volume of 377,740 shares, compared to its average volume of 337,155. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 25.99 and a beta of 0.56. JPMorgan Hedged Equity Laddered Overlay ETF has a 52 week low of $63.24 and a 52 week high of $70.23. The stock has a 50 day simple moving average of $69.51 and a two-hundred day simple moving average of $67.98.

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.