The New Jpmorgan Chase & Co Holding in Inovalon Holdings Inc (NASDAQ:INOV)
Jpmorgan Chase & Co filed with the SEC SC 13Gform for Inovalon Holdings, Inc. The form can be accessed here: 000001961715000418. As reported in Jpmorgan Chase & Co’s form, the filler as of late owns 11% or 2,802,609 shares of the -company.
Inovalon Holdings Inc (NASDAQ:INOV) stake is a new one for the for this institutional investor and it was filed because of activity on September 30, 2015. We feel this shows Jpmorgan Chase & Co’s positive view for the stock.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
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