JPMorgan Stake Cut by BlueCrest Capital Management Ltd
BlueCrest Capital Management Ltd reduced its stake in JPMorgan Chase & Co. by 85.8% during Q2, according to a recent SEC filing. The fund owned 7,434 shares of the financial services provider's stock after selling 44,758 shares.
The total value of BlueCrest's holdings in JPMorgan Chase & Co. was $2,433,000 at the end of the most recent reporting period. This is a significant decrease from the previous quarter.
Other large investors also made moves in their stakes in JPMorgan Chase & Co. during Q2. Cidel Asset Management Inc. grew its holdings by 3.7%, Concorde Asset Management LLC boosted its holdings by 1.1%, and NorthRock Partners LLC increased its stake by 3.4%.
71.55% of JPMorgan Chase & Co.'s stock is owned by institutional investors and hedge funds.