JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Reaches New 12-Month High – Should You Buy?

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $63.50 and last traded at $63.47, with a volume of 289778 shares traded. The stock had previously closed at $63.42.

JPMorgan Hedged Equity Laddered Overlay ETF Trading Up 0.1 %

The business has a 50-day moving average price of $62.75 and a 200-day moving average price of $61.57. The firm has a market cap of $687.38 million, a P/E ratio of 24.88 and a beta of 0.56.

Hedge Funds Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbour Investments Inc. boosted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 46.7% during the fourth quarter. Harbour Investments Inc. now owns 647 shares of the company’s stock valued at $40,000 after purchasing an additional 206 shares in the last quarter. Assetmark Inc. bought a new stake in JPMorgan Hedged Equity Laddered Overlay ETF during the fourth quarter valued at about $45,000. Lowe Wealth Advisors LLC boosted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 81.7% during the fourth quarter. Lowe Wealth Advisors LLC now owns 1,501 shares of the company’s stock valued at $93,000 after purchasing an additional 675 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 670.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,919 shares of the company’s stock valued at $119,000 after purchasing an additional 1,670 shares in the last quarter. Finally, Capital Analysts LLC bought a new stake in JPMorgan Hedged Equity Laddered Overlay ETF during the fourth quarter valued at about $147,000.

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.