Flowco Holdings (FLOC): JPMorgan Chase reports 7.2% Class A ownership in 13G/A
Rhea-AI Filing Summary
Flowco Holdings Inc. received an updated ownership report from JPMorgan Chase & Co., which filed an amended Schedule 13G/A. JPMorgan reports beneficial ownership of 2,053,191 shares of Flowco Class A common stock, representing 7.2% of the outstanding class. The firm has sole power to vote 1,992,611 shares and sole power to dispose of 2,053,191 shares, with no shared voting or dispositive power reported.
The filing classifies JPMorgan Chase & Co. as a parent holding company, with relevant subsidiaries including JPMorgan Chase Bank, National Association and J.P. Morgan Investment Management Inc. JPMorgan states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Flowco Holdings.
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FAQ
What does this Schedule 13G/A filing disclose about Flowco Holdings Inc. (FLOC)?
The filing discloses that JPMorgan Chase & Co. holds a significant passive stake in Flowco Holdings Inc., reporting beneficial ownership of Flowco’s Class A common stock and detailing its voting and dispositive powers over those shares.
How many Flowco Holdings (FLOC) shares does JPMorgan Chase & Co. beneficially own?
JPMorgan Chase & Co. reports beneficial ownership of 2,053,191 shares of Flowco Holdings Inc. Class A common stock.
What percentage of Flowco Holdings’ Class A common stock does JPMorgan own?
JPMorgan Chase & Co. reports that its 2,053,191 shares represent 7.2% of the outstanding Class A common stock of Flowco Holdings Inc.
What voting and dispositive powers does JPMorgan have over its Flowco (FLOC) shares?
JPMorgan reports sole power to vote 1,992,611 shares and sole power to dispose of 2,053,191 shares of Flowco Class A common stock, with no shared voting or dispositive power.
Is JPMorgan’s stake in Flowco Holdings (FLOC) intended to influence control of the company?
No. JPMorgan certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Flowco Holdings Inc.
How is JPMorgan Chase & Co. classified in this ownership report for Flowco (FLOC)?
JPMorgan Chase & Co. is classified as a parent holding company (HC) for purposes of this Schedule 13G/A, with relevant subsidiaries including JPMorgan Chase Bank, National Association and J.P. Morgan Investment Management Inc.