Stocks
Biondo Investment Advisors Cuts JPMorgan Stake by 17.5%
Biondo Investment Advisors LLC has significantly reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 17.5% in the second quarter, according to a recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 64,082 shares of the financial services provider's stock after selling 13,632 shares during the period.
JPMorgan Chase & Co. accounts for about 2.6% of Biondo Investment Advisors LLC's holdings, making it its 12th biggest position.
The value of these holdings was $20,976,000 at the end of the most recent quarter.