BlackRock Cuts Stake in JPMorgan Chase
BlackRock Inc., one of the largest institutional investors in the world, has reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the second quarter.
The firm owned 206,290,537 shares of JPM's stock after selling 1,970,256 shares during the period.
This represents about 1.0% of BlackRock Inc.'s holdings, making JPM its 14th biggest holding.