JPMorgan Chase & Co. lowered its position in Merchants Bancshares,Inc. (NASDAQ:MBVT) by 51.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,794 shares of the financial services provider’s stock after selling 3,984 shares during the period. JPMorgan Chase & Co. owned about 0.05% of Merchants Bancshares,Inc. worth $185,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in Merchants Bancshares,Inc. during the fourth quarter worth approximately $159,000. First Manhattan Co. purchased a new stake in Merchants Bancshares,Inc. during the first quarter worth approximately $194,000. Keybank National Association OH boosted its stake in Merchants Bancshares,Inc. by 11.4% in the first quarter. Keybank National Association OH now owns 18,570 shares of the financial services provider’s stock worth $904,000 after buying an additional 1,903 shares during the period. State Street Corp boosted its stake in Merchants Bancshares,Inc. by 10.7% in the fourth quarter. State Street Corp now owns 92,481 shares of the financial services provider’s stock worth $5,009,000 after buying an additional 8,931 shares during the period. Finally, Winslow Evans & Crocker Inc. boosted its stake in Merchants Bancshares,Inc. by 11.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 5,722 shares of the financial services provider’s stock worth $279,000 after buying an additional 566 shares during the period. Institutional investors and hedge funds own 38.63% of the company’s stock.

Shares of Merchants Bancshares,Inc. (NASDAQ MBVT) opened at 49.80 on Friday. The stock’s 50 day moving average price is $48.93 and its 200-day moving average price is $49.91. Merchants Bancshares,Inc. has a 52-week low of $28.16 and a 52-week high of $54.80.

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Merchants Bancshares,Inc. Company Profile

Merchants Bancshares, Inc is a bank holding company. The Company’s subsidiary, Merchants Bank (the Bank), is a commercial bank. The Bank offers a range of deposit, loan, cash management and trust services to meet the financial needs of individual consumers, businesses and municipalities. Merchants Bank’s trust division offers investment management, financial planning and trustee services.

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Institutional Ownership by Quarter for Merchants Bancshares,Inc. (NASDAQ:MBVT)

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