Investment Fund Raises Its Stake in JMC Group
- Share via
A Santa Barbara investment fund has raised its stake in JMC Group Inc., a Glendale financial services company formerly named Spear Financial Services Inc.
The T.K. Bliss Investment Fund bought a total of 79,000 shares of JMC’s common stock between Aug. 10 and 20 for $9.81 to $10.13 per share, boosting its stake in the company from 5.95% to about 7.1%, according to documents filed with the Securities and Exchange Commission. The fund, whose sole general partner is Timothy K. Bliss, said in the filing that it purchased the stock for investment purposes.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
