Karpus Management Inc. bought a new position in shares of FinTech Evolution Acquisition Group (NYSE:FTEV – Get Rating ) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 50,100 shares of the company’s stock, valued at approximately $491,000.
A number of other hedge funds have also recently changed their holdings of FTEV. Omni Event Management Ltd bought a new stake in FinTech Evolution Acquisition Group in the 4th quarter worth about $2,256,000. GAM Holding AG bought a new stake in FinTech Evolution Acquisition Group in the 4th quarter worth about $316,000. Finally, Qube Research & Technologies Ltd raised its stake in FinTech Evolution Acquisition Group by 103.4% in the 4th quarter. Qube Research & Technologies Ltd now owns 29,769 shares of the company’s stock worth $289,000 after buying an additional 15,130 shares in the last quarter. Institutional investors and hedge funds own 65.04% of the company’s shares.
FinTech Evolution Acquisition Group trades up 0.1%
Shares of FinTech Evolution Acquisition Group stock opened at $9.87 on Friday. FinTech Evolution Acquisition Group has a twelve month low of $9.60 and a twelve month high of $10.29. The company has a 50 day simple moving average of $9.82 and a two hundred day simple moving average of $9.79.
About FinTech Evolution Acquisition Group
(Get rating)
FinTech Evolution Acquisition Group does not have a significant business. The company focuses on carrying out a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It intends to focus on financial technology and technology-enabled services businesses that offer technology solutions, and broader technology software or services/products to the financial services industry.
Further reading
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