Tuttle Capital Management LLC lowered its position in Ares Acquisition Co. (NYSE:AAC – Get Rating) by 25.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 82,228 shares of the company’s stock after selling 27,830 shares during the period. Ares Acquisition comprises approximately 1.7% of Tuttle Capital Management LLC’s holdings, making the stock its 18th largest position. Tuttle Capital Management LLC owned 0.07% of Ares Acquisition worth $689,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. PenderFund Capital Management Ltd. boosted its holdings in Ares Acquisition by 392.3% in the 4th quarter. PenderFund Capital Management Ltd. now owns 6,400 shares of the company’s stock worth $79,000 after buying an additional 5,100 shares during the period. Evolution Capital Management LLC purchased a new stake in Ares Acquisition in the 4th quarter worth about $250,000. Centiva Capital LP purchased a new stake in Ares Acquisition in the 4th quarter worth about $974,000. Qube Research & Technologies Ltd increased its position in shares of Ares Acquisition by 58.1% during the fourth quarter. Qube Research & Technologies Ltd now owns 102,761 shares of the company’s stock worth $1,001,000 after acquiring an additional 37,755 shares during the period. Finally, Allianz Asset Management GmbH purchased a new position in shares of Ares Acquisition during the fourth quarter worth approximately $1,140,000. Institutional investors own 64.93% of the company’s stock.
Ares Acquisition Price Performance
Shares of NYSE:AAC opened at $9.87 on Tuesday. The firm’s 50 day simple moving average is $9.83 and its 200-day simple moving average is $9.80. Ares Acquisition Co. has a one year low of $9.66 and a one year high of $9.88.
About Ares Acquisition
Ares Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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