Crescent Grove Advisors Cuts Stake in JPMorgan Chase & Co.

Crescent Grove Advisors LLC has reduced its stake in JPMorgan Chase & Co. by 45.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.

The institutional investor owned 3,763 shares of the financial services provider's stock after selling 3,176 shares during the quarter, worth $1,232,000 at the end of the reporting period.

This reduction comes as other large investors have increased their positions in JPMorgan Chase & Co. Bank of America Corp DE boosted its position by 15.8% during the first quarter and now owns 65,660,460 shares worth $19,314,681,000.