MA Financial Services Reduces Stake in JPMorgan Chase
Massachusetts Financial Services Co. MA has reduced its stake in JPMorgan Chase & Co., selling $4.026 billion worth of shares.
The institutional investor, which owned approximately 1.3% of the financial services provider's stock, sold 2,391,113 shares during the second quarter.
This reduction brings Massachusetts Financial Services Co. MA's position in JPMorgan Chase & Co. to its ninth largest holding.