Weiss Asset Management LP Has $3.50 Million Stock Holdings in TG Venture Acquisition Corp. (NASDAQ:TGVC)

Weiss Asset Management LP cut its holdings in shares of TG Venture Acquisition Corp. (NASDAQ:TGVC – Get Rating) by 41.7% during the third quarter, HoldingsChannel.com reports. The firm owned 350,000 shares of the company’s stock after selling 250,000 shares during the quarter. Weiss Asset Management LP’s holdings in TG Venture Acquisition were worth $3,495,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TGVC. Citigroup Inc. acquired a new position in TG Venture Acquisition in the first quarter valued at approximately $990,000. Basso Capital Management L.P. boosted its position in shares of TG Venture Acquisition by 13.9% in the 1st quarter. Basso Capital Management L.P. now owns 29,947 shares of the company’s stock worth $296,000 after purchasing an additional 3,666 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of TG Venture Acquisition during the first quarter worth $990,000. Rivernorth Capital Management LLC lifted its stake in TG Venture Acquisition by 137.1% in the first quarter. Rivernorth Capital Management LLC now owns 99,999 shares of the company’s stock valued at $993,000 after buying an additional 57,828 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in TG Venture Acquisition during the first quarter worth about $1,321,000. Institutional investors own 73.12% of the company’s stock.

TG Venture Acquisition Price Performance

Shares of TGVC stock opened at $10.34 on Friday. The stock has a 50-day moving average of $10.28 and a 200-day moving average of $10.13. TG Venture Acquisition Corp. has a one year low of $9.89 and a one year high of $10.42.

TG Venture Acquisition Company Profile

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TG Venture Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the technology industries primarily within the space technology, financial technology, technology, media and telecom, and related sectors in the United States and other developed countries.