Convergence Investment Partners Cuts Stake in JPMorgan Chase

Convergence Investment Partners LLC has reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by selling 6,551 shares during the second quarter.

The firm now owns 8,406 shares of the financial services provider's stock after the sale, which was worth $2,751,000 as of its most recent SEC filing.

This is not an isolated instance, as other hedge funds and institutional investors have also made changes to their positions in JPMorgan Chase & Co. during the second quarter.

Ascent Wealth Partners LLC increased its holdings by 1.3% through the purchase of an additional 687 shares, while Simmons Bank boosted its stake by 8.8% with an additional 5,553 shares purchased during the same period.