MAI Capital Management Makes New $847,000 Investment in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO)

MAI Capital Management purchased a new stake in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) in the third quarter, Holdings Channel reports. The firm purchased 13,846 shares of the company’s stock, valued at approximately $847,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lowe Wealth Advisors LLC acquired a new position in JPMorgan Hedged Equity Laddered Overlay ETF in the second quarter worth $27,000. Annapolis Financial Services LLC acquired a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the second quarter worth $35,000. Stephens Consulting LLC bought a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the 2nd quarter worth about $57,000. SouthState Corp acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the 2nd quarter valued at about $117,000. Finally, Centaurus Financial Inc. grew its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 49.7% during the 2nd quarter. Centaurus Financial Inc. now owns 2,724 shares of the company’s stock valued at $159,000 after buying an additional 904 shares during the last quarter.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Up 0.3 %

Shares of NYSEARCA HELO opened at $62.55 on Friday. The firm’s 50-day moving average price is $61.53 and its two-hundred day moving average price is $59.45. JPMorgan Hedged Equity Laddered Overlay ETF has a 52-week low of $52.00 and a 52-week high of $62.99. The stock has a market capitalization of $677.42 million, a P/E ratio of 24.88 and a beta of 0.56.

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.