Diversify Advisory Services LLC Loads Up on JPMorgan Chase & Co.
Diversify Advisory Services LLC significantly increased its stake in JPMorgan Chase & Co. (NYSE:JPM) during the second quarter, purchasing an additional 68,151 shares for a total of $25,888,000.
The firm now owns 72,679 shares of JPMorgan's stock, representing a massive 1,505.1% increase from the previous quarter.
This is not the only institutional investor to have increased its stake in JPMorgan Chase & Co. during the second quarter: Gables Capital Management Inc. lifted its position by 0.9%, Bonfire Financial boosted its stake by 34.0%, Oxbow Advisors LLC increased its holding by 122.2%, and Wealthfront Advisers LLC grew its stake by 0.9%.
JPMorgan Chase & Co.'s stock price has been affected by various market events, including the recent surge in oil prices above $100, which raised concerns about inflation, interest rates, and economic growth.