JPMorgan cuts DBV Technologies stake below 10% to 8.67% - DBVT News | RalliesJPMorgan cuts DBV Technologies stake below 10% to 8.67%
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DBVT• JPMorgan stake moves in DBV Technologies
- JPMorgan Chase crossed above the 10% threshold in DBV Technologies on Aug. 7, holding 33,025,522 shares, or 11.15%.
- It then fell back below 10% on Aug. 10, reporting 25,680,026 shares, or 8.67%.
- The moves were driven by changes in holdings counted by assimilation, largely tied to prime brokerage custody and financing activity.
- JPMorgan said it had no intention to take control or seek board representation.
