JPMorgan raises stake in Plus500 above 5%

Shares in Plus500 Ltd (LON:PLUS) keep attracting investors’ attention, especially after the publication of stellar results for the fourth quarter and full year 2014. Another piece of evidence in this respect was apparent today, as JPMorgan Chase & Co. (NYSE:JPM) took its stake in the CFD broker above 5% again.

The latest transaction raised the holding of the investment bank in the broker from 4.66% to 5.02%. JPM, or the clients it represents, now owns 5,765,744 shares in Plus500.

Here is how the shares are now distributed across JPMorgan’s businesses:

  • JPMorgan Asset Management Holdings (UK) Limited – 5,648,049 shares (4.92%)
  • J.P. Morgan Securities plc – 117,695 shares (0.10%)

The newest deal comes less than a fortnight after the investment bank cut its stake in the broker to 4.66%.

Meanwhile, Plus500 is enjoying a period of a steep rise in its share price. Since the announcement of some record numbers for the final quarter of 2014, Plus500’s share price has risen by more than 20%. On March 4, 2015, it breached the key mark of 700p per share.

The official announcement on the share transaction can be read here.

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