Verition Fund Management LLC Has $1.89 Million Holdings in Powered Brands (NASDAQ:POW)

Verition Fund Management LLC raised its holdings in shares of Powered Brands (NASDAQ:POWGet Rating) by 1.0% in the 1st quarter, HoldingsChannel reports. The firm owned 191,759 shares of the company’s stock after buying an additional 1,929 shares during the period. Verition Fund Management LLC’s holdings in Powered Brands were worth $1,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in POW. Citigroup Inc. acquired a new stake in Powered Brands during the 4th quarter valued at $1,224,000. Qube Research & Technologies Ltd bought a new position in Powered Brands during the 4th quarter worth $202,000. Saba Capital Management L.P. increased its position in Powered Brands by 4.3% during the 4th quarter. Saba Capital Management L.P. now owns 393,472 shares of the company’s stock worth $3,852,000 after buying an additional 16,097 shares during the period. Omni Event Management Ltd bought a new position in Powered Brands during the 4th quarter worth $2,062,000. Finally, Bank of Montreal Can bought a new position in Powered Brands during the 1st quarter worth $491,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Powered Brands Stock Performance

POW stock opened at $9.94 on Monday. Powered Brands has a fifty-two week low of $9.72 and a fifty-two week high of $9.95. The business’s fifty day moving average price is $9.90 and its two-hundred day moving average price is $9.85.

Powered Brands Company Profile

(Get Rating)

Powered Brands does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Powered Brands was incorporated in 2020 and is based in New York, New York.

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Institutional Ownership by Quarter for Powered Brands (NASDAQ:POW)

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