Stocks
Gabelli Cuts JPM Stake by Selling 12,191 Shares
Gabelli Funds LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by selling 12,191 shares during the second quarter.
This move decreased their holdings in the financial services provider by 4.1% and left them with 285,292 shares of JPMorgan's stock, valued at $93,385,000 as of its most recent SEC filing.
The firm owned more than a quarter of JPMorgan Chase & Co.'s outstanding shares, according to the company's latest Form 13F filing with the Securities and Exchange Commission.