JPMorgan Chase Sees Significant Increase in Institutional Investor Stake
Summitry LLC significantly increased its stake in JPMorgan Chase & Co. (NYSE:JPM) during the first quarter, purchasing an additional 80,617 shares to bring its total holdings to 84,865 shares.
The value of these shares was $24,964,000 at the end of the quarter, according to a recent disclosure with the Securities & Exchange Commission. This represents a substantial increase from the firm's initial position in JPMorgan Chase & Co., which it lifted by 1,897.8% during the quarter.
Summitry LLC is not the only large investor to modify its holdings of JPMorgan Chase & Co. recently. Other notable investors include WNY Asset Management LLC, Coastline Complete Wealth LLC, Wellington Grp LLC, Montchanin Asset Management LLC, and Raab & Moskowitz Asset Management LLC.
These institutional investors now own a combined 71.55% of JPMorgan Chase & Co.'s outstanding shares. The firm's financial performance has been strong in recent quarters, with its quarterly earnings per share beating analyst estimates by $0.55 during the most recent reporting period.