Manning & Napier Cuts Stake in JPMorgan Chase
Manning & Napier Advisors LLC has reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 6.3% during the second quarter, according to a recent SEC filing.
The firm owned 94,965 shares of JPMorgan's stock after selling 6,365 shares during the quarter, with a total value of $31,281,000 at the end of the most recent quarter.
This is not an isolated action, as several other large investors have also adjusted their stakes in JPMorgan Chase & Co. this year.