StoneBridge Acquisition Co. (NASDAQ:APAC) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC cut its holdings in shares of StoneBridge Acquisition Co. (NASDAQ:APACGet Rating) by 75.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,340 shares of the company’s stock after selling 310,360 shares during the period. Verition Fund Management LLC’s holdings in StoneBridge Acquisition were worth $998,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Marshall Wace LLP increased its position in shares of StoneBridge Acquisition by 52.8% in the 4th quarter. Marshall Wace LLP now owns 954,451 shares of the company’s stock valued at $9,440,000 after acquiring an additional 329,699 shares during the period. Aristeia Capital LLC purchased a new stake in StoneBridge Acquisition in the first quarter valued at $2,488,000. Spartan Fund Management Inc. purchased a new stake in StoneBridge Acquisition in the first quarter valued at $2,504,000. Cantor Fitzgerald L. P. boosted its holdings in StoneBridge Acquisition by 9.7% in the first quarter. Cantor Fitzgerald L. P. now owns 1,645,285 shares of the company’s stock valued at $15,376,000 after purchasing an additional 145,285 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its holdings in StoneBridge Acquisition by 61.1% in the first quarter. Wolverine Asset Management LLC now owns 342,395 shares of the company’s stock valued at $3,406,000 after purchasing an additional 129,800 shares during the last quarter. 66.26% of the stock is owned by institutional investors and hedge funds.

StoneBridge Acquisition Price Performance

NASDAQ:APAC opened at $10.08 on Thursday. StoneBridge Acquisition Co. has a one year low of $9.78 and a one year high of $10.20. The firm’s fifty day moving average is $10.04 and its two-hundred day moving average is $9.99.

StoneBridge Acquisition Profile

(Get Rating)

StoneBridge 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 2021 and is based in New York, New York.

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Institutional Ownership by Quarter for StoneBridge Acquisition (NASDAQ:APAC)

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