JPMorgan Chase Sees Increased Institutional Support

JPMorgan Chase & Co. is gaining favor among institutional investors, with Elevation Point Wealth Partners LLC increasing its stake in the financial services provider by 14.7% during the second quarter.

The firm now owns 196,682 shares of JPMorgan Chase & Co.'s stock, valued at $64,380,000, making it the company's 16th biggest holding.

This is not an isolated case, as several other institutional investors have also boosted their holdings in JPMorgan Chase & Co. during the same period.