JPMorgan Remains Key Holding for Rathbones Group PLC
JPMorgan Chase & Co., $JPM is Rathbones Group PLC's eighth largest holding, comprising 3.2% of their investment portfolio. According to a recent SEC filing, Rathbones trimmed its stake in JPMorgan by 0.8% in the first quarter, selling 22,135 shares.
The firm owned 2,715,472 shares of JPMorgan's stock after the sale, with a total value of $798,783,000. This represents just 0.10% of all outstanding JPMorgan shares.
JPMorgan is not the only major investor in the financial services provider. Morgan Stanley and Bank of America Corp DE have increased their stakes in the company recently, buying an additional 939,421 and 8,941,351 shares respectively.