United Super Expands JPMorgan Holdings by 24% Amid Strong Performance
United Super Pty Ltd, as trustee for the Construction & Building Unions Superannuation Fund, has significantly increased its holdings in JPMorgan Chase & Co. The fund now owns 283,200 shares of the financial services provider's stock after acquiring an additional 55,012 shares during the second quarter. This represents a boost of 24.1% in the fund's position and accounts for approximately 1.7% of its portfolio.
The total value of United Super Pty Ltd's holdings in JPMorgan Chase & Co. is $92.70 million. JPMorgan Chase & Co.'s stock price opened at $355.17 on Thursday, with a market cap of $944.10 billion and a PE ratio of 15.22.
The move by United Super Pty Ltd to increase its holdings in JPMorgan Chase & Co. comes as the financial services provider continues to perform well. In its most recent earnings report, JPMorgan Chase & Co. reported $6.14 earnings per share for the quarter, topping analysts' expectations and demonstrating a return on equity of 18.23%.