Donaldson Capital Management Sells JPMorgan Chase Shares Amid Revenue Surge

Donaldson Capital Management LLC reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 12.3% during the second quarter, according to its latest Form 13F filing with the SEC.

The fund owned 300,144 shares of JPM's stock after selling 42,176 shares during the period. The stock comprises 2.8% of Donaldson Capital Management LLC's portfolio, making it its 9th largest position.

JPMorgan Chase & Co.'s quarterly revenue was up 27.7% year-over-year to $58.02 billion, surpassing analysts' expectations of $50.72 billion.