JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Sees Strong Trading Volume – Still a Buy?

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) shares saw unusually-high trading volume on Wednesday . Approximately 1,117,519 shares changed hands during trading, an increase of 202% from the previous session’s volume of 369,962 shares.The stock last traded at $62.66 and had previously closed at $62.80.

JPMorgan Hedged Equity Laddered Overlay ETF Trading Down 0.6 %

The business has a 50 day simple moving average of $62.76 and a two-hundred day simple moving average of $61.31. The stock has a market cap of $679.69 million, a price-to-earnings ratio of 24.88 and a beta of 0.56.

Institutional Trading of JPMorgan Hedged Equity Laddered Overlay ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in HELO. Assetmark Inc. bought a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the 4th quarter worth approximately $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 boosted its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 670.7% in 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 period. Whipplewood Advisors LLC bought a new stake in JPMorgan Hedged Equity Laddered Overlay ETF during the fourth quarter valued at $175,000. Finally, Claro Advisors LLC acquired a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the fourth quarter worth $205,000.

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.