Linscomb Wealth Inc. Cuts Stake in JPMorgan Chase & Co.
Linscomb Wealth Inc., a financial institution, has reduced its holdings in JPMorgan Chase & Co. by 8.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,170 shares of JPMorgan Chase & Co.'s stock after selling 6,397 shares during the quarter.
JPMorgan Chase & Co. accounts for about 1.0% of Linscomb Wealth Inc.'s investment portfolio, making it its 17th largest holding. The company's holdings in JPMorgan Chase & Co. were worth $22,969,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of JPMorgan Chase & Co. this quarter. Brighton Jones LLC increased its stake in JPMorgan Chase & Co. by 11.0% during the fourth quarter, while Acorns Advisers LLC raised its holdings in shares of JPMorgan Chase & Co. by 6.9% during the first quarter.