JPMorgan Stake Reduced by First National Trust Co in Second Quarter

First National Trust Co has reduced its stake in JPMorgan Chase & Co. by 11.8% in the second quarter, according to a recent SEC filing. The fund now owns 155,919 shares of JPMorgan's stock after selling 20,901 shares during the period.

The company's holdings in JPMorgan are worth $51.04 million as of its most recent SEC filing. This represents approximately 1.7% of First National Trust Co's investment portfolio, making it the 12th largest position.

Several other hedge funds and institutional investors have also recently bought or sold shares of JPMorgan Chase & Co. Pictet Asset Management Holding SA increased its stake by 6.5% in the second quarter, while Acorn Wealth Advisors LLC raised its position by 1.2%. Tokio Marine Asset Management Co. Ltd. lifted its stake by 21.4% during the same period.

71.55% of JPMorgan Chase & Co.'s stock is owned by institutional investors and hedge funds, according to the source.