Finally, Bank of New York Mellon Corp boosted its stake in J.C. Penney Company, Inc. Holding Company by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 3,359,155 shares of the department store operator’s stock valued at $20,692,000 after buying an additional 93,892 shares during the period. Institutional investors own 77.89% of the company’s stock.