Stocks
Principal Financial Cuts Stake in JPMorgan Chase
Principal Financial Group Inc. has reduced its stake in JPMorgan Chase & Co., selling off nearly 138,000 shares of the financial services provider's stock.
This decrease represents a 2.8% reduction in Principal Financial Group Inc.'s holdings in JPMorgan Chase & Co., which now comprise approximately 0.18% of its portfolio.
The firm now owns 4,823,651 shares of JPMorgan Chase & Co.'s stock, valued at around $1.58 billion as of its latest filing with the Securities and Exchange Commission (SEC).