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Nexus Investment Management Sells Off $59 Million Worth of JPMorgan Stock

Guavy AI Editorial Team
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JPM
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Nexus Investment Management ULC has reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.2% in the second quarter, according to a recent SEC filing.

The institutional investor sold 6,005 shares during the period, leaving it with 180,374 shares of the financial services provider's stock.

This stake is worth approximately $59 million at the end of the most recent quarter and accounts for around 7.7% of Nexus Investment Management ULC's investment portfolio, making JPMorgan Chase & Co. its largest holding.

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