Pinnacle Associates Ltd. Acquires 27,832 Shares of JPMorgan Hedged Equity Laddered Overlay ETF $HELO

Pinnacle Associates Ltd. grew its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) by 58.2% in the third quarter, HoldingsChannel reports. The fund owned 75,622 shares of the company’s stock after purchasing an additional 27,832 shares during the quarter. Pinnacle Associates Ltd.’s holdings in JPMorgan Hedged Equity Laddered Overlay ETF were worth $4,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of HELO. First Horizon Corp purchased a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the third quarter valued at $48,000. Assetmark Inc. grew its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 24.4% during the second quarter. Assetmark Inc. now owns 893 shares of the company’s stock valued at $56,000 after purchasing an additional 175 shares during the period. Root Financial Partners LLC purchased a new stake in JPMorgan Hedged Equity Laddered Overlay ETF in the third quarter worth about $78,000. Foster Dykema Cabot & Partners LLC purchased a new stake in JPMorgan Hedged Equity Laddered Overlay ETF in the third quarter worth about $104,000. Finally, Bank of Montreal Can raised its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 7,854.2% in the second quarter. Bank of Montreal Can now owns 1,909 shares of the company’s stock worth $119,000 after buying an additional 1,885 shares during the period.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Up 0.4%

HELO stock opened at $66.18 on Tuesday. The business’s 50-day moving average price is $66.75 and its 200-day moving average price is $65.83. The stock has a market cap of $3.74 billion, a P/E ratio of 25.99 and a beta of 0.58. JPMorgan Hedged Equity Laddered Overlay ETF has a twelve month low of $56.11 and a twelve month high of $67.60.

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.