Baker Avenue Asset Management Boosts Stake in JPMorgan Chase & Co.

Baker Avenue Asset Management LP has increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.5% during the second quarter, according to a recent Form 13F filing with the Securities & Exchange Commission.

The institutional investor now owns 221,738 shares of the financial services provider's stock after purchasing an additional 9,617 shares during the quarter.

JPMorgan Chase & Co. accounts for 1.4% of Baker Avenue Asset Management LP's portfolio, making it the firm's 16th largest position.

The value of Baker Avenue Asset Management LP's holdings in JPMorgan Chase & Co. was $72,581,000 at the end of the most recent reporting period.