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 Wednesday . The company traded as high as $68.00 and last traded at $67.67, with a volume of 20219 shares traded. The stock had previously closed at $67.69.

JPMorgan Hedged Equity Laddered Overlay ETF Trading Up 0.1%

The business has a 50-day moving average price of $66.02 and a 200-day moving average price of $66.24. The firm has a market cap of $4.03 billion, a P/E ratio of 25.99 and a beta of 0.59.

Institutional Investors Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF

Institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. bought a new stake in JPMorgan Hedged Equity Laddered Overlay ETF during the first quarter valued at about $29,000. Your Advocates Ltd. LLP bought a new stake in JPMorgan Hedged Equity Laddered Overlay ETF during the first quarter valued at about $29,000. HHM Wealth Advisors LLC bought a new stake in JPMorgan Hedged Equity Laddered Overlay ETF during the first quarter valued at about $31,000. Gilpin Wealth Management LLC bought a new stake in JPMorgan Hedged Equity Laddered Overlay ETF during the fourth quarter valued at about $34,000. Finally, High Note Wealth LLC bought a new stake in JPMorgan Hedged Equity Laddered Overlay ETF during the fourth quarter valued at about $41,000.

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. 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.