JPMorgan Stake Boosted as Envestnet Adds Millions

Envestnet Asset Management Inc., a financial institution, increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by buying an additional 82,689 shares during the second quarter.

This brought Envestnet's total ownership to 7,273,067 shares, valued at approximately $2.38 billion as of its most recent filing with the SEC.

Envestnet is not alone in its investment in JPMorgan Chase & Co., as several other institutional investors have also increased their stakes in the financial services provider.

In addition to Envestnet, State Street Corp and Bank of America Corp DE have both raised their holdings in shares of JPMorgan Chase & Co. during the second quarter.