Tuttle Capital Management LLC Has $801,000 Position in Adara Acquisition Corp. (NASDAQ:ADRA)

Tuttle Capital Management LLC lessened its position in Adara Acquisition Corp. (NASDAQ:ADRA – Get Rating) by 25.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,087 shares of the company’s stock after selling 27,443 shares during the period. Adara Acquisition accounts for about 2.0% of Tuttle Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Tuttle Capital Management LLC owned about 0.56% of Adara Acquisition worth $801,000 at the end of the most recent reporting period.

Separately, Cannon Global Investment Management LLC increased its holdings in Adara Acquisition by 73.9% in the 1st quarter. Cannon Global Investment Management LLC now owns 48,700 shares of the company’s stock worth $481,000 after purchasing an additional 20,700 shares in the last quarter. 64.54% of the stock is owned by institutional investors and hedge funds.

Adara Acquisition Stock Performance

NASDAQ ADRA opened at $9.93 on Tuesday. The business’s 50-day moving average price is $9.90 and its two-hundred day moving average price is $9.86. Adara Acquisition Corp. has a 12 month low of $9.65 and a 12 month high of $9.96.

About Adara Acquisition

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Adara Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on searching for businesses in the consumer products industry and related sectors, including those consumer industry businesses in the health and wellness, e-commerce, discretionary spending, and information technology sectors and related channels of distribution.

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