JPMorgan Chase & Co. Lowers Stake in Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH)

JPMorgan Chase & Co. lessened its stake in shares of Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) by 34.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,767 shares of the company’s stock after selling 4,144 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.11% of Overlay Shares Hedged Large Cap Equity ETF worth $262,000 at the end of the most recent reporting period.

Overlay Shares Hedged Large Cap Equity ETF Price Performance

Shares of NYSEARCA OVLH opened at $34.63 on Friday. Overlay Shares Hedged Large Cap Equity ETF has a 1-year low of $29.24 and a 1-year high of $35.21. The business has a fifty day moving average price of $34.63 and a 200 day moving average price of $33.78. The stock has a market capitalization of $24.24 million, a P/E ratio of 23.85 and a beta of 0.78.

About Overlay Shares Hedged Large Cap Equity ETF

The Overlay Shares Hedged Large Cap Equity ETF (OVLH) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to provide exposure to the US large-cap space combined with an option overlay strategy, utilizing a put spread and long-term OTM put options. OVLH was launched on Jan 14, 2021 and is managed by Overlay Shares.