JPMorgan Filing Puts Q1 Selling at Almost 2x SEC’s Reported Data
Three new institutional holdings alerts for JPMorgan Chase & Co. are showing nearly twice the selling compared to the numbers reported in filings from Sumitomo Mitsui Trust Group, LMCG Investments, and Steigerwald Gordon & Koch. The news stories say these managers sold off 724,719 shares in Q1. But if you look at the SEC filings, it’s a drop of 376,930 shares, or 5.6%. The real story is all about data quality here.