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JPMorgan Chase & Co. Cuts Stock Position in Equity Residential $EQR
JPMorgan Chase & Co. has reduced its stake in Equity Residential by 10.9% during the third quarter, selling 353,797 shares. This leaves the institutional investor with 2,889,385 shares, valued at approximately $187 million, representing about 0.76% of the company’s stock. Insider selling also occurred, with EVP Catherine Carraway and COO Michael L. Manelis selling a combined 10,058 shares worth over $655,000 in the last three months.