Institutional Investors Pile into JPMorgan Chase & Co.

Ameritas Advisory Services LLC has increased its stake in JPMorgan Chase & Co. by 48.4% during the second quarter, according to a recent SEC filing.

The fund owned 49,825 shares of the financial services provider's stock after purchasing an additional 16,259 shares during the quarter. Ameritas Advisory Services LLC's holdings in JPMorgan Chase & Co. were worth $16,309,000 at the end of the most recent reporting period.

This is not the only institutional investor to have increased its stake in JPMorgan Chase & Co. recently. Trevian Wealth Management LLC grew its position in JPMorgan Chase & Co. by 3.2% during the second quarter, while Henrickson Nauta Wealth Advisors Inc. boosted its stake by 0.8%. Wedmont Private Capital also increased its holdings in JPMorgan Chase & Co. by 6.8%, and Kintra Wealth LLC grew its position by 35.2%.