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Beacon Sells Stake in JPMorgan as Firm Continues to Reduce Holdings

Guavy AI Editorial Team
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JPM
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Beacon Investment Advisory Services Inc., a financial services firm, reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by selling 32,457 shares during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

The fund owned 164,655 shares of JPMorgan Chase & Co.'s stock after the sale, which accounted for 2.0% of Beacon Investment Advisory Services Inc.'s portfolio, making it the firm's 12th largest position.

The total value of Beacon Investment Advisory Services Inc.'s holdings in JPMorgan Chase & Co. was $53,896,000 as of its most recent SEC filing.

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