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EverSource Cuts Stake in JPMorgan Chase

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JPM
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EverSource Wealth Advisors LLC reduced its stake in JPMorgan Chase & Co. by 28.7% during Q2, according to its latest 13F filing with the SEC.

The institutional investor owned 35,950 shares of the financial services provider's stock after selling 14,462 shares during the period. The value of EverSource Wealth Advisors' holdings in JPMorgan Chase & Co. was $11,768,000 at the end of Q2.

This is not an isolated incident, several other hedge funds have recently made changes to their positions in the company.

Viking Global Investors LP increased its stake in JPMorgan Chase & Co. by 86.1% during the 2nd quarter, owning 4,042,034 shares of the financial services provider's stock valued at $1,171,826,000 after acquiring an additional 1,870,386 shares.

Hedge funds and other institutional investors own 71.55% of JPMorgan Chase & Co.'s stock.

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