JPMorgan Raised Its MSTR Stake 36% Before Strategy’s MSCI Exit Blow
Summary
JPMorgan Chase significantly increased its common stock holdings in Strategy during the third quarter. The financial institution acquired hundreds of thousands of additional shares, expanding its total position in the company. However, this investment resulted in paper losses following the announcement that the stock will be removed from major benchmark indexes.
JPMorgan Chase (NYSE:JPM) raised its Strategy (NASDAQ:MSTR) stake 36% last quarter, a bet that’s now sitting on paper losses after MSCI confirmed plans to remove the stock from its benchmark indexes. JPMorgan’s Strategy Stake Jumps to 848,932 Shares JPMorgan Chase increased its Strategy (NASDAQ:MSTR) common stock holdings by 224,545 shares in the third quarter, bringing its position to 848,932 shares…
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