Park Place Capital Trims JPMorgan Stake Amid Strong Revenue Outlook

Park Place Capital Corp reduced its stake in JPMorgan Chase & Co. by 17.7% during the second quarter, according to a recent disclosure with the SEC. The fund owned 14,001 shares of the financial services provider's stock after selling 3,017 shares during the quarter.

Park Place Capital Corp's holdings in JPMorgan Chase & Co. were worth $4,583,000 at the end of the most recent quarter. Several other hedge funds also bought and sold shares of JPM. Arkansas Financial Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 1.1% in the second quarter.

Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider's stock worth $873,000 after acquiring an additional 30 shares during the last quarter. WealthBridge Capital Management LLC raised its position in JPMorgan Chase & Co. by 0.3% in the second quarter.