Mirae Asset Boosts Stake in JPMorgan Chase & Co.
Mirae Asset Global Investments Co. Ltd., a significant player in the financial sector, has increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 8.1% during the second quarter.
According to Mirae Asset's most recent 13F filing with the Securities and Exchange Commission (SEC), the firm now owns 855,351 shares of JPMorgan Chase & Co.'s stock, valued at $279,982,000 as of its latest SEC filing.
This is not an isolated instance; several other hedge funds have also modified their holdings in JPMorgan Chase & Co. during the second quarter. Herold Advisors Inc., for example, raised its position by 1.1%, while Hidden Cove Wealth Management LLC increased its stake by 7.8%.
The market capitalization of JPMorgan Chase & Co. stands at $961.49 billion, with a P/E ratio of 15.50 and a beta of 0.99. The company's debt-to-equity ratio is 1.30, its quick ratio is 0.85, and its current ratio is also 0.85.