Tuttle Capital Management LLC lessened its stake in Accelerate Acquisition Corp. (NYSE:AAQC – Get Rating) by 25.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 288,256 shares of the company’s stock after selling 97,559 shares during the quarter. Accelerate Acquisition makes up approximately 5.2% of Tuttle Capital Management LLC’s portfolio, making the stock its biggest holding. Tuttle Capital Management LLC owned 0.58% of Accelerate Acquisition worth $2,095,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of AAQC. GAM Holding AG bought a new stake in Accelerate Acquisition during the 4th quarter valued at $327,000. PenderFund Capital Management Ltd. raised its holdings in Accelerate Acquisition by 6,400.0% during the 4th quarter. PenderFund Capital Management Ltd. now owns 6,500 shares of the company’s stock valued at $80,000 after acquiring an additional 6,400 shares during the period. Kawa Capital Management Inc bought a new stake in Accelerate Acquisition during the 4th quarter valued at $1,107,000. Finally, Wolverine Asset Management LLC raised its holdings in Accelerate Acquisition by 57.6% during the 4th quarter. Wolverine Asset Management LLC now owns 26,648 shares of the company’s stock valued at $259,000 after acquiring an additional 9,741 shares during the period. Institutional investors own 92.93% of the company’s stock.
Accelerate Acquisition Price Performance
Shares of AAQC stock opened at $9.80 on Tuesday. The company’s fifty day simple moving average is $9.77 and its two-hundred day simple moving average is $9.75. Accelerate Acquisition Corp. has a 1 year low of $9.60 and a 1 year high of $9.92.
About Accelerate Acquisition
Accelerate Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in industrial, transportation and mobility, consumer, and retail sectors.
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