Bright Futures Wealth Management LLC. Buys Shares of 51,079 JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO)

Bright Futures Wealth Management LLC. bought a new stake in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 51,079 shares of the company’s stock, valued at approximately $3,218,000. JPMorgan Hedged Equity Laddered Overlay ETF makes up about 2.9% of Bright Futures Wealth Management LLC.’s investment portfolio, making the stock its 5th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the 2nd quarter valued at about $343,000. NBC Securities Inc. acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the 3rd quarter valued at about $223,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the 3rd quarter valued at about $582,000. Stratos Wealth Advisors LLC increased its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 93.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 15,549 shares of the company’s stock valued at $951,000 after acquiring an additional 7,505 shares during the last quarter. Finally, Blue Trust Inc. acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the 3rd quarter valued at about $325,000.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

HELO opened at $63.26 on Friday. The firm has a 50 day moving average price of $62.74 and a 200 day moving average price of $61.45. The company has a market cap of $685.11 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.

About JPMorgan Hedged Equity Laddered Overlay ETF

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.