Echo Wealth Management LLC Has $4.74 Million Stock Position in JPMorgan Hedged Equity Laddered Overlay ETF $HELO

Echo Wealth Management LLC lowered its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) by 21.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,319 shares of the company’s stock after selling 19,346 shares during the period. JPMorgan Hedged Equity Laddered Overlay ETF makes up 2.8% of Echo Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. Echo Wealth Management LLC owned about 0.13% of JPMorgan Hedged Equity Laddered Overlay ETF worth $4,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. First Horizon Corp acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the third quarter valued at about $48,000. Larson Financial Group LLC acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the third quarter valued at about $58,000. Root Financial Partners LLC acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the third quarter valued at about $78,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the third quarter valued at about $104,000. Finally, Ulland Investment Advisors LLC raised its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 14.5% during the third quarter. Ulland Investment Advisors LLC now owns 2,370 shares of the company’s stock valued at $154,000 after purchasing an additional 300 shares during the period.

JPMorgan Hedged Equity Laddered Overlay ETF Trading Up 1.3%

Shares of NYSEARCA HELO opened at $65.12 on Thursday. The firm’s 50-day moving average price is $65.81 and its 200-day moving average price is $65.84. JPMorgan Hedged Equity Laddered Overlay ETF has a 1-year low of $56.42 and a 1-year high of $67.60. The firm has a market capitalization of $3.83 billion, a P/E ratio of 25.99 and a beta of 0.60.

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. The fund aims for enhanced risk-adjusted return over a full market cycle with lower volatility than traditional equity strategies HELO was launched on Sep 28, 2023 and is issued by JPMorgan Chase.