Beacon Pointe Advisors Boosts Stake in JPMorgan Chase

Beacon Pointe Advisors LLC has increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased an additional 12,851 shares of the financial services provider's stock.

The firm now owns 474,800 shares of JPMorgan Chase & Co.'s stock, which accounts for 0.7% of its portfolio, making it the company's 23rd largest holding. Beacon Pointe Advisors LLC's holdings in JPMorgan Chase & Co. were worth $155,416,000 at the end of the most recent quarter.

This move is not an isolated incident as other large investors have also recently modified their holdings of JPMorgan Chase & Co.