JPMorgan Chase Loses Almost 4% Stakeholder Support Overnight

iA Global Asset Management Inc. trimmed its position in JPMorgan Chase & Co. by 3.9% in the second quarter, according to a recent disclosure with the Securities & Exchange Commission.

The fund owned 252,825 shares of the financial services provider's stock after selling 10,330 shares during the quarter.

iA Global Asset Management Inc.'s holdings in JPMorgan Chase & Co. were worth $82,757,000 at the end of the most recent quarter.

This is not an isolated incident as other institutional investors and hedge funds have also recently modified their holdings of the company.