Palumbo Wealth Management LLC Invests $3.48 Million in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO)

Palumbo Wealth Management LLC bought a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 56,134 shares of the company’s stock, valued at approximately $3,483,000. JPMorgan Hedged Equity Laddered Overlay ETF makes up about 1.3% of Palumbo Wealth Management LLC’s holdings, making the stock its 16th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in JPMorgan Hedged Equity Laddered Overlay ETF during the third quarter valued at $542,000. Stifel Financial Corp purchased a new position in JPMorgan Hedged Equity Laddered Overlay ETF in the 3rd quarter valued at about $934,000. JPMorgan Chase & Co. boosted its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 35.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 343,256 shares of the company’s stock worth $20,987,000 after buying an additional 89,742 shares during the last quarter. Blue Trust Inc. acquired a new stake in JPMorgan Hedged Equity Laddered Overlay ETF in the 3rd quarter worth about $325,000. Finally, NBC Securities Inc. purchased a new stake in JPMorgan Hedged Equity Laddered Overlay ETF during the 3rd quarter worth approximately $223,000.

JPMorgan Hedged Equity Laddered Overlay ETF Price Performance

NYSEARCA HELO opened at $63.42 on Friday. The stock’s 50 day simple moving average is $62.74 and its 200-day simple moving average is $61.52. The company has a market cap of $686.84 million, a PE ratio of 24.88 and a beta of 0.56. JPMorgan Hedged Equity Laddered Overlay ETF has a 1-year low of $54.24 and a 1-year high of $63.50.

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.