B. Metzler Sees Red on JPMorgan Chase Stake
JPMorgan Chase & Co.'s position in shares was reduced by B. Metzler seel. Sohn & Co. AG, a German institutional investor, according to its recent 13F filing with the Securities and Exchange Commission (SEC). The company decreased its stake in JPMorgan Chase & Co. by 20.5% during the second quarter.
The institutional investor owned 754,633 shares of the financial services provider's stock after selling 194,101 shares during the quarter. This represents a significant portion of B. Metzler seel. Sohn & Co. AG's portfolio, making JPMorgan Chase & Co. its 9th largest position.
The company's holdings in JPMorgan Chase & Co. were worth $247,014,000 as of its most recent filing with the SEC. This is not an isolated incident, as several other large investors have also recently added to or reduced their stakes in the stock.