3EDGE Asset Management LP Acquires New Position in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO)

3EDGE Asset Management LP bought a new position in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 54,032 shares of the company’s stock, valued at approximately $3,352,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lowe Wealth Advisors LLC increased its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 81.7% in 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 during the last quarter. Claro Advisors LLC purchased a new stake in JPMorgan Hedged Equity Laddered Overlay ETF in the 4th quarter valued at about $205,000. Monterey Private Wealth Inc. acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the 4th quarter valued at about $227,000. MCIA Inc purchased a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the 3rd quarter worth about $230,000. Finally, Oak Harvest Investment Services acquired a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the fourth quarter worth approximately $231,000.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

JPMorgan Hedged Equity Laddered Overlay ETF stock opened at $63.47 on Wednesday. The company has a market cap of $687.38 million, a price-to-earnings ratio of 24.88 and a beta of 0.56. JPMorgan Hedged Equity Laddered Overlay ETF has a 1 year low of $54.24 and a 1 year high of $63.50. The firm has a 50 day moving average price of $62.75 and a 200 day moving average price of $61.57.

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.