JPMorgan Chase & Co. Lowers Stake in Abacus FCF Leaders ETF $ABFL

JPMorgan Chase & Co. lessened its position in shares of Abacus FCF Leaders ETF (BATS:ABFL) by 12.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,456,545 shares of the company’s stock after selling 954,850 shares during the period. JPMorgan Chase & Co. owned approximately 63.30% of Abacus FCF Leaders ETF worth $460,804,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Centerline Wealth Advisors LLC purchased a new stake in Abacus FCF Leaders ETF during the fourth quarter valued at about $19,394,000. Dynasty Wealth Management LLC grew its position in Abacus FCF Leaders ETF by 3.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 8,219,704 shares of the company’s stock valued at $586,640,000 after acquiring an additional 247,400 shares during the period. Traveka Wealth LLC grew its position in Abacus FCF Leaders ETF by 88.5% during the fourth quarter. Traveka Wealth LLC now owns 13,510 shares of the company’s stock valued at $964,000 after acquiring an additional 6,342 shares during the period. Raymond James Financial Inc. grew its position in Abacus FCF Leaders ETF by 0.9% during the third quarter. Raymond James Financial Inc. now owns 21,921 shares of the company’s stock valued at $1,578,000 after acquiring an additional 186 shares during the period. Finally, Two Sigma Investments LP grew its position in Abacus FCF Leaders ETF by 13.1% during the third quarter. Two Sigma Investments LP now owns 9,500 shares of the company’s stock valued at $684,000 after acquiring an additional 1,100 shares during the period.

Abacus FCF Leaders ETF Trading Down 1.7%

ABFL stock opened at $79.22 on Thursday. The stock has a 50-day moving average price of $78.65 and a two-hundred day moving average price of $74.53. Abacus FCF Leaders ETF has a 12-month low of $63.92 and a 12-month high of $84.14. The company has a market cap of $808.04 million, a PE ratio of 31.79 and a beta of 0.92.

Abacus FCF Leaders ETF Profile

The Abacus FCF Leaders ETF (ABFL) is an exchange-traded fund that mostly invests in total market equity. The fund aims to outperform a broad US equity index. The actively-managed fund selects stocks based on strong free cash flow and ESG rankings. ABFL was launched on Sep 27, 2016 and is issued by FCF Advisors.