In a new regulatory filing, JP Morgan Chase disclosed today that it sold nearly 2 million of its Gannett shares in recent months, reducing the size of its overall stake in the company to 8.9% from 9.6% last fall, and 10.2% in April.
The banking giant owned 21.4 million shares as of Dec. 31 vs. 23 million at Sept. 30, according to filings with the U.S. Securities and Exchange Commission.
Morgan emerged as GCI's biggest shareholder in May, when it notified the SEC that it had boosted its holdings by at least 17 million shares.
Today's filing doesn't say how much Morgan received for the shares it sold. From Oct. 1 to Dec. 31, GCI traded between $11.76 and $15.78 a share, according to Google Finance. Today, GCI recently traded for $14.86, up about 1%.
Prior to today's filing, GCI's No. 2 shareholder was mutual fund giant Vanguard Group, at 13.7 million shares, or 5.7% of all, investment site MSN MoneyCentral says. No. 3 was money manager Ariel Investments, at 13.5 million, or 5.7%. That data is at Sept. 30.
The banking giant owned 21.4 million shares as of Dec. 31 vs. 23 million at Sept. 30, according to filings with the U.S. Securities and Exchange Commission.
Morgan emerged as GCI's biggest shareholder in May, when it notified the SEC that it had boosted its holdings by at least 17 million shares.Today's filing doesn't say how much Morgan received for the shares it sold. From Oct. 1 to Dec. 31, GCI traded between $11.76 and $15.78 a share, according to Google Finance. Today, GCI recently traded for $14.86, up about 1%.
Prior to today's filing, GCI's No. 2 shareholder was mutual fund giant Vanguard Group, at 13.7 million shares, or 5.7% of all, investment site MSN MoneyCentral says. No. 3 was money manager Ariel Investments, at 13.5 million, or 5.7%. That data is at Sept. 30.
Compared to three months ago, are your GCI holdings higher? Lower? The same? Post replies in the comments section, below. To e-mail confidentially, write jimhopkins[at]gmail[dot-com]; see Tipsters Anonymous Policy in the rail, upper right.
Man the lifeboats!!!!!!
ReplyDelete