Compass Financial Management LLC Snaps Up $4 Million Stake in JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE:JPM) has attracted significant attention from institutional investors in recent months. According to the latest 13F filing with the Securities and Exchange Commission, Compass Financial Management LLC acquired a new position in JPMorgan Chase & Co., purchasing 11,737 shares valued at approximately $4.012 million during the second quarter.
This acquisition is part of a broader trend of institutional investors increasing their stakes in JPMorgan Chase & Co. Other notable investors, including Arkansas Financial Group Inc., Flynn Zito Capital Management LLC, Wedgewood Investors Inc. PA, and WealthBridge Capital Management LLC, have also added to their positions in the company.
The significant investment from Compass Financial Management LLC brings the total value of JPMorgan Chase & Co.'s outstanding shares held by institutional investors to approximately $66.4 billion, representing about 71.55% of the company's stock.