JPMorgan Chase & Co. Purchases Shares of 7,052,430 Abacus FCF Leaders ETF $ABFL

JPMorgan Chase & Co. acquired a new position in shares of Abacus FCF Leaders ETF (BATS:ABFL) in the second quarter, Holdings Channel reports. The fund acquired 7,052,430 shares of the company’s stock, valued at approximately $499,030,000. JPMorgan Chase & Co. owned about 0.69% of Abacus FCF Leaders ETF at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vestmark Advisory Solutions Inc. acquired a new position in Abacus FCF Leaders ETF in the second quarter worth about $41,766,000. DecisionMap Wealth Management LLC acquired a new stake in Abacus FCF Leaders ETF during the second quarter valued at approximately $4,601,000. Envestnet Asset Management Inc. bought a new stake in shares of Abacus FCF Leaders ETF in the 2nd quarter valued at approximately $4,179,000. Santori & Peters Inc. acquired a new position in shares of Abacus FCF Leaders ETF in the 2nd quarter worth approximately $1,459,000. Finally, Smart Portfolios LLC acquired a new position in shares of Abacus FCF Leaders ETF in the 2nd quarter worth approximately $1,450,000.

Abacus FCF Leaders ETF Trading Up 1.3%

Shares of ABFL stock opened at $68.89 on Monday. The company has a 50 day moving average of $71.67 and a two-hundred day moving average of $70.26. The firm has a market cap of $702.68 million, a price-to-earnings ratio of 31.79 and a beta of 0.92.

Abacus FCF Leaders ETF Company 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.