Centerline Wealth Advisors LLC Buys Shares of 271,738 Abacus FCF Leaders ETF $ABFL

Centerline Wealth Advisors LLC purchased a new position in shares of Abacus FCF Leaders ETF (BATS:ABFL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 271,738 shares of the company’s stock, valued at approximately $19,394,000. Abacus FCF Leaders ETF accounts for approximately 7.0% of Centerline Wealth Advisors LLC’s investment portfolio, making the stock its 3rd biggest position. Centerline Wealth Advisors LLC owned about 2.66% of Abacus FCF Leaders ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in Abacus FCF Leaders ETF during the second quarter worth about $499,030,000. Dynasty Wealth Management LLC increased its stake in Abacus FCF Leaders ETF by 20.2% in the 3rd quarter. Dynasty Wealth Management LLC now owns 7,972,304 shares of the company’s stock valued at $573,759,000 after purchasing an additional 1,337,607 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Abacus FCF Leaders ETF during the second quarter worth $1,538,000. Steward Partners Investment Advisory LLC purchased a new stake in Abacus FCF Leaders ETF during the second quarter worth $570,000. Finally, Traveka Wealth LLC acquired a new stake in Abacus FCF Leaders ETF in the third quarter valued at $516,000.

Abacus FCF Leaders ETF Stock Down 1.6%

Shares of ABFL stock opened at $70.46 on Monday. The stock has a market cap of $718.69 million, a P/E ratio of 31.79 and a beta of 0.92. Abacus FCF Leaders ETF has a fifty-two week low of $55.40 and a fifty-two week high of $74.67. The business has a fifty day simple moving average of $72.81 and a 200-day simple moving average of $72.10.

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.