Stocks
JPMorgan Chase & Co. Sees Significant Institutional Investor Divestment
Manchester Financial Inc., a significant institutional investor, has reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 73.2% during the second quarter.
The company's most recent 13F filing with the Securities and Exchange Commission reveals that Manchester Financial Inc. sold 4,316 shares of JPMorgan Chase & Co.'s stock, leaving it with 1,578 shares worth $517,000 as of its latest SEC filing.
Despite this decrease in holdings, institutional investors and hedge funds own a significant portion of JPMorgan Chase & Co., accounting for 71.55% of the company's stock.