Stocks
Empowered Funds Boosts Stake in JPMorgan Chase
Empowered Funds LLC has increased its stake in JPMorgan Chase & Co. (NYSE:JPM), buying an additional 11,078 shares during the second quarter.
The fund's holdings in JPM now account for about 0.8% of its total portfolio, making it its 15th largest position, with a value of $155.6 million at the end of the quarter.
This is part of a larger trend where institutional investors have been increasing their exposure to JPMorgan Chase & Co., with 71.55% of the stock owned by such entities.