Cullinan Associates Increases Stake in JPMorgan Chase & Co.
Cullinan Associates Inc., a significant institutional investor, has increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 13.9% during the second quarter.
The company's most recent Form 13F filing with the Securities and Exchange Commission (SEC) reveals that Cullinan Associates Inc. now owns 73,638 shares of JPMorgan Chase & Co.'s stock after purchasing an additional 9,005 shares.
These holdings account for 1.8% of Cullinan Associates Inc.'s portfolio, making JPMorgan Chase & Co. its 16th biggest holding. As of the most recent SEC filing, Cullinan Associates Inc.'s holdings in JPMorgan Chase & Co. were worth $24,104,000.
This significant investment highlights the confidence that institutional investors have in JPMorgan Chase & Co.'s future performance and growth prospects.