JP Morgan continues its buying of CFD broker Plus500 (LON:PLUS) shares which now sits at a 14% total stake, split between two units of the investment bank. One portion of shares for it’s clients and the other as part of its own investment in the online FX and CFD platform. Earlier in the month we reported that the investment giant brought their total Plus500 holdings above 12%, This is just the latest news in a trend we have been seeing between the two entities which shows no signs of easing up.
Here is the latest breakdown as of June 26th.
JPMorgan Asset Management Holdings (UK) Limited:
5,983,863 shares (5.21%)
J.P. Morgan Securities plc
10,173,220 shares (8.85%)
Total: 14.06%
Price has dipped in the shares heading into July and the stock now sites at 480.750 GBp from the highs of 707.00 GBp