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American Century Companies Inc. Sells 356,019 Shares of JPMorgan Chase & Co. $JPM
American Century Companies Inc. reduced its stake in JPMorgan Chase & Co. by 8.0% in the third quarter, selling 356,019 shares and now holding over 4 million shares valued at $1.28 billion. Other institutional investors also adjusted their positions in JPM, while company insiders like General Counsel Stacey Friedman and COO Jennifer Piepszak sold significant amounts of stock. JPMorgan Chase is also facing headwinds due to geopolitical risks from the Iran conflict potentially impacting oil flows and market stability.