Equity Distribution Acquisition (NYSE:EQD) Sees Strong Trading Volume

Equity Distribution Acquisition Corp. (NYSE:EQD – Get Rating) saw strong trading volume on Thursday . 3,800 shares traded hands during mid-day trading, a decline of 95% from the previous session’s volume of 72,785 shares.The stock last traded at $9.93 and had previously closed at $9.93.

The firm’s fifty day moving average is $9.90 and its two-hundred day moving average is $9.86.

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Equity Distribution Acquisition by 1,671.5% in the fourth quarter. Bank of America Corp DE now owns 885,757 shares of the company’s stock valued at $8,698,000 after buying an additional 835,757 shares during the last quarter. Sculptor Capital LP increased its position in shares of Equity Distribution Acquisition by 208.3% during the 1st quarter. Sculptor Capital LP now owns 923,058 shares of the company’s stock valued at $9,128,000 after purchasing an additional 623,672 shares during the period. Kohlberg Kravis Roberts & Co. L.P. lifted its stake in Equity Distribution Acquisition by 354.2% during the fourth quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 571,137 shares of the company’s stock valued at $5,609,000 after buying an additional 445,383 shares in the last quarter. Beryl Capital Management LLC acquired a new position in Equity Distribution Acquisition in the third quarter worth approximately $3,656,000. Finally, Marshall Wace LLP acquired a new position in Equity Distribution Acquisition during the third quarter valued at approximately $2,073,000. 75.93% of the stock is owned by institutional investors and hedge funds.

About Equity Distribution Acquisition (NYSE:EQD)

Equity Distribution Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses or entities. Equity Distribution Acquisition Corp. was incorporated in 2020 and is based in Chicago, Illinois.

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