Convergence Financial More Than Doubles Stake in JPMorgan Chase
Convergence Financial LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 89.9% during the second quarter, according to a recent filing with the SEC.
The institutional investor owned 21,503 shares of the financial services provider's stock after acquiring an additional 10,180 shares during the period. Convergence Financial LLC's holdings in JPMorgan Chase & Co. were worth $7,038,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in JPM. WealthSpring Partners LLC lifted its stake in JPMorgan Chase & Co. by 0.7% during the second quarter. Bridgewater Advisors Inc. raised its holdings in JPMorgan Chase & Co. by 12.3% during the second quarter.
KBC Group NV raised its holdings in JPMorgan Chase & Co. by 4.3% during the second quarter. GWN Securities Inc. lifted its position in shares of JPMorgan Chase & Co. by 3.5% during the 2nd quarter.