Stocks
Royal London Trims Stake in JPMorgan Chase & Co.
Financial services giant JPMorgan Chase & Co. (NYSE:JPM) saw its stock position lessened by Royal London Asset Management Ltd., according to a recent filing with the Securities and Exchange Commission (SEC). In the second quarter, Royal London trimmed its stake in JPMorgan Chase & Co. by 1.4%, selling 30,026 shares.
The firm owned approximately 2,189,863 shares of JPMorgan's stock after the sale, making it the company's 13th largest holding, accounting for about 1.3% of Royal London Asset Management Ltd.'s investment portfolio.
The total value of the stake is approximately $716,808,000 at the end of the quarter.