Franklin Mutual Advisers Inc. sold 6.94 million shares of Chase Manhattan Corp. in the first quarter, along with large chunks of stock in several other leading financial companies.

In the disclosure, filed with the Securities and Exchange Commission, Franklin reported that it still owned 2.9 million shares of Chase stock as of March 31.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.