Allstate Cuts Stake in JPMorgan Chase
Allstate Corp trimmed its holdings in JPMorgan Chase & Co., reducing its stake by 10.6% during the second quarter.
The institutional investor owned 250,584 shares of the financial services provider's stock after selling 29,700 shares.
This comprises about 0.8% of Allstate Corp's investment portfolio, making JPMorgan Chase & Co. its 19th biggest holding.