Stocks
Korea Investment CORP Cuts Stake in JPMorgan Chase & Co.
Korea Investment CORP has reduced its stake in JPMorgan Chase & Co. by 7% during the second quarter, according to a recent disclosure with the Securities and Exchange Commission.
The institutional investor sold 123,270 shares of the financial services provider's stock, leaving it with 1,633,730 shares after the period.
JPMorgan Chase & Co. accounts for approximately 1% of Korea Investment CORP's investment portfolio, making it the company's 14th largest holding.
The stock is worth about $534 million at the end of the most recent quarter, representing around 0.06% of JPMorgan Chase & Co.'s outstanding shares.