Old Mission Investment Co LLC Bets Big on JPMorgan Chase & Co.
Old Mission Investment Co LLC, a financial services company, has made a new investment in JPMorgan Chase & Co. (NYSE:JPM) worth $4.82 million.
The firm bought 14,728 shares of the bank's stock during the second quarter, as per its most recent 13F filing with the Securities and Exchange Commission (SEC).
JPMorgan Chase & Co. accounts for approximately 1% of Old Mission Investment Co LLC's holdings, making it the company's 22nd largest holding.
Other institutional investors and hedge funds have also made changes to their positions in JPM during the quarter. MBM Wealth Consultants LLC bought a new position in JPMorgan Chase & Co. worth $29,000 in the first quarter, while Aventus Investment Advisors Inc. acquired a new stake in JPM valued at approximately $33,000.
JPMorgan Chase & Co.'s shares have recently underperformed the broader market due to investor caution, according to MarketBeat.com. Analysts have raised their price targets for the bank's stock, with some predicting it could reach as high as $377 per share.