Dala Group Buys into JPMorgan with $2.4 Million Stake
Dala Group LLC, an investment firm, has made significant moves in its portfolio by purchasing 8,234 shares of JPMorgan Chase & Co. (NYSE:JPM) during the first quarter. This new position is valued at approximately $2.423 million and represents about 2% of Dala Group's investment portfolio, making it their 11th largest holding.
This move was reported in a recent Form 13F filing with the Securities and Exchange Commission (SEC). Other institutional investors have also made changes to their positions in JPMorgan Chase & Co. during this quarter.
The financial services provider has seen its stock price rise, opening at $352.18 on Friday. Its 50-day moving average is $328.81, while the 200-day moving average is $311.88. The company's current ratio is 0.85, quick ratio is 0.86, and debt-to-equity ratio is 1.30.