JPM nominees are a custodian. They hold shares on behalf of other people. JPM has not invested in IOT.
Look at any top 20 list and it's full of nominees - Citi, NAB, BNP etc. These companies have not made the investment. Investing in a company because you've seen these names in the top holders lists is laughable.
ROVA now selling for $69 aud, page-23
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