According to a recent Form 13F filing submitted to the SEC, JPMorgan Chase & Company disclosed a noteworthy and bullish investment in MULN stock. Here’s what you need to know about Mullen Automotive, Inc., as well as JPMorgan Chase and their long position in shares of MULN stock:
About JPMorgan Chase & Company
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services. The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; payments and cross-border financing; and cash and derivative instruments, risk management solutions, prime brokerage, and research. This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, payments, investment banking, and asset management to small business, large and midsized companies, local governments, and nonprofit clients; and commercial real estate banking services to investors, developers, and owners of multifamily, office, retail, industrial, and affordable housing properties. The AWM segment offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors; and retirement products and services, brokerage, custody, trusts and estates, loans, mortgages, deposits, and investment management products. The company also provides ATM, online and mobile, and telephone banking services. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.
About Mullen Automotive, Inc. (MULN)
Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. It also operates CarHub, a digital platform that leverages AI to offer an interactive solution for buying, selling, and owning a car; and provides battery technology and emergency point-of-care solutions. The company was founded in 2014 and is based in Brea, California.
JPMorgan Chase & Company Buys Stock in MULN
According to the most recent 13F filed by Jpmorgan Chase & Company, the firm added 162,574 shares of MULN stock to it holdings in the recent quarter. That brings their total long position in Mullen Automotive, Inc. to 188,657 shares, representing approximately 0.0329% of the 572,894,028 MULN shares outstanding. Based on the most recent closing price of $0.31 per share of MULN, the entire Jpmorgan Chase & Company position in Mullen Automotive, Inc. is worth roughly $58,276.15.
In addition to JPMorgan Chase, Goldman Sachs added to its MULN stock position in the recent quarter. Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Jpmorgan Chase & Company. Also be sure to check out more recent 13F filing analysis news here.