JPMorgan Stake Cut by Legal & General Amid Quarter Revenue Outlook

Legal & General Group Plc has trimmed its stake in JPMorgan Chase & Co., reducing its position by 5.0% during the second quarter, according to a recent Form 13F filing with the SEC.

The company now owns approximately 17,895,549 shares of JPMorgan Chase & Co.'s stock, making up about 1.2% of Legal & General Group Plc's holdings and its 13th biggest holding.

This move comes as several other hedge funds and institutional investors have also made adjustments to their positions in JPMorgan Chase & Co., with some increasing their holdings and others reducing them.