JPMorgan Chase Sees Reduced Stake from Key Investor
Smith Chas P & Associates PA Cpas, a financial services provider, has reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.2% in the 2nd quarter. This means that Smith Chas P & Associates PA Cpas now owns approximately 288,483 shares of JPMorgan Chase & Co.'s stock.
The value of these holdings is around $94,429,000 at the end of the most recent quarter. This represents about 4.6% of Smith Chas P & Associates PA Cpas' total holdings, making JPMorgan Chase & Co. its 4th largest position.
This reduction in holdings comes as other hedge funds and institutional investors have also been buying and selling shares of JPMorgan Chase & Co. Marathon Wealth Advisors LLC, for example, has increased its stake in the company by 1.4% during the second quarter, while U S Wealth Group LLC has raised its position by 11.7%.