Stocks
Alabama Pension Fund Sells $283M Worth of JPMorgan Shares
Retirement Systems of Alabama has reduced its stake in JPMorgan Chase & Co. by selling 9,655 shares during the second quarter.
The firm owned 865,976 shares of JPMorgan Chase & Co. after the sale, making it the company's 16th largest holding and accounting for about 0.9% of its holdings.
According to a filing with the SEC, Retirement Systems of Alabama's holdings in JPMorgan Chase & Co. were valued at $283,460,000 as of the end of the most recent reporting period.
This reduction in stake comes after several other institutional investors made changes to their positions in the company, including Arkansas Financial Group Inc., Flynn Zito Capital Management LLC, and WealthBridge Capital Management LLC.