Kingswood Acquisition Corp. (NYSE:KWAC – Get Rating) traded down 5.6% during mid-day trading on Thursday . The company traded as low as $10.43 and last traded at $10.43. 1,527 shares traded hands during trading, a decline of 86% from the average session volume of 11,305 shares. The stock had previously closed at $11.05.
Kingswood Acquisition Stock Performance
The business has a 50 day simple moving average of $10.78 and a 200-day simple moving average of $10.56.
Institutional Trading of Kingswood Acquisition
Several hedge funds and other institutional investors have recently modified their holdings of the company. Mizuho Securities USA LLC acquired a new stake in shares of Kingswood Acquisition in the third quarter valued at about $1,047,000. Glazer Capital LLC acquired a new stake in Kingswood Acquisition during the first quarter worth about $3,787,000. Goldman Sachs Group Inc. grew its position in Kingswood Acquisition by 11.7% during the first quarter. Goldman Sachs Group Inc. now owns 168,033 shares of the company’s stock worth $1,716,000 after buying an additional 17,626 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in Kingswood Acquisition by 15.0% during the first quarter. Hsbc Holdings PLC now owns 168,022 shares of the company’s stock worth $1,714,000 after buying an additional 21,900 shares in the last quarter. 14.48% of the stock is currently owned by hedge funds and other institutional investors.
About Kingswood Acquisition
Kingswood Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. It intends to identify a business in the wealth management, financial advisory, and investment management sectors in the United States and internationally.
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