Stocks
CPPIB Boosts Stake in JPMorgan Chase & Co. to Over $2.6 Billion
The Canada Pension Plan Investment Board (CPPIB) has significantly increased its holdings in JPMorgan Chase & Co. ($JPM), a leading financial services provider.
In its latest disclosure to the Securities and Exchange Commission, CPPIB revealed that it had acquired an additional 1,496,676 shares of JPMorgan Chase during the second quarter, bringing its total stake to 8,020,990 shares.
This represents a 22.9% increase in its holdings, making JPMorgan Chase & Co. CPPIB's 12th largest holding, which accounts for approximately 1.5% of its portfolio.