Hughes Financial Services LLC Invests $3.50 Million in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO)

Hughes Financial Services LLC acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 56,384 shares of the company’s stock, valued at approximately $3,498,000. JPMorgan Hedged Equity Laddered Overlay ETF makes up approximately 0.7% of Hughes Financial Services LLC’s investment portfolio, making the stock its 20th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the fourth quarter worth about $45,000. Lowe Wealth Advisors LLC lifted its stake 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 worth $93,000 after purchasing an additional 675 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake 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 worth $119,000 after purchasing an additional 1,670 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in JPMorgan Hedged Equity Laddered Overlay ETF during the fourth quarter worth approximately $175,000. Finally, Claro Advisors LLC purchased a new stake in JPMorgan Hedged Equity Laddered Overlay ETF during the fourth quarter worth approximately $205,000.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Down 0.7 %

HELO stock opened at $59.89 on Friday. The business has a 50 day moving average price of $62.44 and a 200 day moving average price of $61.94. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 26.59 and a beta of 0.56. JPMorgan Hedged Equity Laddered Overlay ETF has a fifty-two week low of $54.24 and a fifty-two week high of $63.81.

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.