Kingswood Acquisition (NYSE:KWAC) Trading Down 5.6%

Kingswood Acquisition Corp. (NYSE:KWAC – Get Rating) was down 5.6% during mid-day trading on Thursday . The company traded as low as $10.43 and last traded at $10.43. Approximately 1,527 shares were traded during trading, a decline of 86% from the average daily volume of 11,305 shares. The stock had previously closed at $11.05.

Kingswood Acquisition Stock Down 5.6 %

The company’s 50 day moving average price is $10.78 and its two-hundred day moving average price is $10.56.

Institutional Investors Weigh In On Kingswood Acquisition

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mizuho Securities USA LLC purchased a new position in Kingswood Acquisition during the third quarter worth $1,047,000. Glazer Capital LLC bought a new stake in shares of Kingswood Acquisition in the first quarter valued at about $3,787,000. Goldman Sachs Group Inc. raised its holdings in shares of Kingswood Acquisition by 11.7% in the first quarter. Goldman Sachs Group Inc. now owns 168,033 shares of the company’s stock valued at $1,716,000 after acquiring an additional 17,626 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Kingswood Acquisition by 15.0% in the first quarter. Hsbc Holdings PLC now owns 168,022 shares of the company’s stock valued at $1,714,000 after acquiring an additional 21,900 shares in the last quarter. Institutional investors own 14.48% of the company’s stock.

About Kingswood Acquisition

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Kingswood Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. It intends to identify a business in the wealth management, financial advisory, and investment management sectors in the United States and internationally.