Brinker Capital Inc. lowered its stake in shares of JPMorgan Chase (NYSEARCA:AMJ) by 11.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 388,847 shares of the exchange traded fund’s stock after selling 48,384 shares during the period. Brinker Capital Inc.’s holdings in JPMorgan Chase were worth $9,332,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of AMJ. Clear Perspective Advisors LLC boosted its holdings in JPMorgan Chase by 123.2% during the fourth quarter. Clear Perspective Advisors LLC now owns 6,320 shares of the exchange traded fund’s stock worth $174,000 after buying an additional 3,489 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in JPMorgan Chase during the first quarter worth about $178,000. Chilton Capital Management LLC bought a new position in JPMorgan Chase during the fourth quarter worth about $200,000. Cognios Capital LLC bought a new position in JPMorgan Chase during the fourth quarter worth about $213,000. Finally, Financial Advocates Investment Management bought a new position in JPMorgan Chase during the fourth quarter worth about $220,000.
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Shares of JPMorgan Chase opened at $27.30 on Thursday, according to Marketbeat. JPMorgan Chase has a 1 year low of $23.17 and a 1 year high of $31.40.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Tuesday, May 29th will be issued a dividend of $0.5031 per share. The ex-dividend date of this dividend is Friday, May 25th. This represents a $2.01 dividend on an annualized basis and a yield of 7.37%. This is a boost from JPMorgan Chase’s previous quarterly dividend of $0.42.
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