Modern Wealth Management LLC Takes $15.01 Million Position in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO)

Modern Wealth Management LLC purchased a new position in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) during the 4th quarter, Holdings Channel reports. The fund purchased 238,139 shares of the company’s stock, valued at approximately $15,010,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HELO. Strategic Financial Concepts LLC grew its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 10,269.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,029,675 shares of the company’s stock worth $125,921,000 after buying an additional 2,010,101 shares in the last quarter. Raymond James Financial Inc. bought a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the 4th quarter worth about $72,681,000. Dynasty Wealth Management LLC bought a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the 4th quarter worth about $63,630,000. Legacy Financial Group LLC raised its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 978.8% in the 4th quarter. Legacy Financial Group LLC now owns 895,479 shares of the company’s stock valued at $55,556,000 after purchasing an additional 812,471 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 99.9% in the 4th quarter. LPL Financial LLC now owns 1,193,554 shares of the company’s stock worth $74,048,000 after purchasing an additional 596,418 shares during the period.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Up 1.1 %

Shares of HELO stock opened at $61.01 on Tuesday. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 25.69 and a beta of 0.56. JPMorgan Hedged Equity Laddered Overlay ETF has a 52-week low of $54.24 and a 52-week high of $63.81. The company’s 50 day moving average is $62.21 and its 200 day moving average is $62.00.

About JPMorgan Hedged Equity Laddered Overlay ETF

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.