Park Place Capital Corp Acquires New Position in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO)

Park Place Capital Corp acquired a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 59,321 shares of the company’s stock, valued at approximately $3,474,000. JPMorgan Hedged Equity Laddered Overlay ETF accounts for about 1.1% of Park Place Capital Corp’s holdings, making the stock its 21st largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Global Retirement Partners LLC purchased a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the fourth quarter worth approximately $33,000. Capital Advisors Ltd. LLC purchased a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the fourth quarter worth approximately $51,000. Avantax Advisory Services Inc. purchased a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the first quarter worth approximately $214,000. Coppell Advisory Solutions Corp. purchased a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the first quarter worth approximately $223,000. Finally, Resurgent Financial Advisors LLC raised its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 96.8% during the first quarter. Resurgent Financial Advisors LLC now owns 4,137 shares of the company’s stock worth $232,000 after purchasing an additional 2,035 shares during the period.

JPMorgan Hedged Equity Laddered Overlay ETF Price Performance

NYSEARCA:HELO traded down $0.54 during trading hours on Friday, reaching $57.91. 620,327 shares of the company were exchanged, compared to its average volume of 165,433. The firm has a market cap of $627.17 million, a price-to-earnings ratio of 24.88 and a beta of 0.56. JPMorgan Hedged Equity Laddered Overlay ETF has a 52-week low of $48.71 and a 52-week high of $59.37. The stock has a 50 day simple moving average of $58.35 and a 200 day simple moving average of $56.33.

JPMorgan Hedged Equity Laddered Overlay ETF 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.