Asset Dedication LLC Cuts Stake in JPMorgan Chase & Co.

JPMorgan Chase & Co., one of the largest financial institutions in the US, has seen its shares sold by Asset Dedication LLC. The firm reduced its stake in JPMorgan Chase & Co. by 12.6% during the first quarter, according to a recent SEC filing. This move was part of a broader trend where institutional investors and hedge funds have been adjusting their positions in the company.

The 26,861 shares owned by Asset Dedication LLC at the end of the period were valued at approximately $7.9 million. This represents about 0.6% of the firm's investment portfolio, making JPMorgan Chase & Co. its 25th largest position.

Other institutional investors have also been buying and selling shares in JPMorgan Chase & Co. Brighton Jones LLC grew its stake by 11.0% during the fourth quarter, while Acorns Advisers LLC boosted its stake by 6.9% in the first quarter. Ignite Planners LLC increased its position by 0.7% in the second quarter.