Stocks
Ascentis Wealth Management Buys Big into JPMorgan Chase & Co.
JPMorgan Chase & Co., the global financial services firm, has seen its stock holdings boosted by Ascentis Wealth Management LLC.
According to a recent filing with the Securities & Exchange Commission, Ascentis Wealth Management increased its position in JPMorgan Chase & Co. by 2,891.8% during the second quarter.
The fund purchased an additional 410,054 shares of the company's stock, bringing its total holdings to 424,234 shares worth $139,000 at the end of the quarter.
Ascentis Wealth Management is not alone in increasing its stake in JPMorgan Chase & Co. Other institutional investors and hedge funds have also been buying into the company's stock.