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JPMorgan Chase Loses 164k Shares to Institutional Investor

Guavy AI Editorial Team
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JPM
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Financial services giant JPMorgan Chase & Co. (NYSE:JPM) saw its shares sold by Envestnet Portfolio Solutions Inc., a institutional investor that lowered its position in the company by 9.6% during the second quarter.

The sale of 17,550 shares led to Envestnet Portfolio Solutions Inc.'s holdings in JPMorgan Chase & Co. decreasing to 164,847 shares, valued at $53,946,000 as of the end of the most recent quarter.

This move is part of a broader trend, with several other institutional investors and hedge funds also recently adding to or reducing their stakes in JPM.

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