SVB Wealth Cuts Stake in JPMorgan Chase
SVB Wealth LLC has reduced its stake in JPMorgan Chase & Co. by 12.3% during the second quarter, according to a recent SEC filing.
The institutional investor owned 82,982 shares of the financial services provider's stock after selling 11,629 shares during the period.
JPMorgan Chase & Co. makes up 1.6% of SVB Wealth LLC's investment portfolio, making it the company's 14th largest holding.
The stock is worth $27,163,000 as of its most recent SEC filing.