Marshall Wace LLP increased its stake in Finnovate Acquisition Corp. (NASDAQ:FNVT – Get Rating) by 15.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 745,669 shares of the company’s stock after purchasing an additional 99,240 shares during the quarter. Marshall Wace LLP owned approximately 3.43% of Finnovate Acquisition worth $7,524,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Clear Street LLC acquired a new stake in Finnovate Acquisition during the 3rd quarter worth about $34,000. Robinson Capital Management LLC boosted its position in Finnovate Acquisition by 100.0% during the 3rd quarter. Robinson Capital Management LLC now owns 3,540 shares of the company’s stock worth $36,000 after acquiring an additional 1,770 shares during the period. Centiva Capital LP acquired a new stake in Finnovate Acquisition during the 2nd quarter worth about $136,000. Virtu Financial LLC acquired a new stake in Finnovate Acquisition during the 3rd quarter worth about $169,000. Finally, Royal Bank of Canada boosted its position in Finnovate Acquisition by 8.7% during the 1st quarter. Royal Bank of Canada now owns 47,337 shares of the company’s stock worth $469,000 after acquiring an additional 3,800 shares during the period. Hedge funds and other institutional investors own 63.74% of the company’s stock.
Finnovate Acquisition Stock Performance
Shares of NASDAQ FNVT opened at $10.40 on Friday. Finnovate Acquisition Corp. has a one year low of $9.85 and a one year high of $10.85. The business has a 50-day moving average price of $10.35 and a two-hundred day moving average price of $10.21.
Finnovate Acquisition Company Profile
Finnovate Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to acquire Israel-related companies, including companies focused on payments, insuretech, wealthtech, regtech, digital banking, fintech as a service (FAAS), banking as a service (BAAS), cyber area for financial institutions, blockchain and crypto, algo-trading and exchanges, and lending and credit line platforms.
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