Weiss Asset Management LP Purchases 5,000 Shares of Technology & Telecommunication Acquisition Co. (NASDAQ:TETE)

Weiss Asset Management LP lifted its position in Technology & Telecommunication Acquisition Co. (NASDAQ:TETE – Get Rating) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 230,500 shares of the company’s stock after acquiring an additional 5,000 shares during the period. Weiss Asset Management LP’s holdings in Technology & Telecommunication Acquisition were worth $2,332,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Technology & Telecommunication Acquisition by 29.5% in the 3rd quarter. State Street Corp now owns 14,500 shares of the company’s stock worth $146,000 after acquiring an additional 3,300 shares in the last quarter. Polar Asset Management Partners Inc. raised its position in shares of Technology & Telecommunication Acquisition by 4.7% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 555,850 shares of the company’s stock worth $5,614,000 after acquiring an additional 25,050 shares in the last quarter. First Trust Capital Management L.P. bought a new position in shares of Technology & Telecommunication Acquisition in the 3rd quarter worth approximately $3,146,000. Shaolin Capital Management LLC raised its position in shares of Technology & Telecommunication Acquisition by 14.8% in the 3rd quarter. Shaolin Capital Management LLC now owns 660,000 shares of the company’s stock worth $6,666,000 after acquiring an additional 85,000 shares in the last quarter. Finally, Glazer Capital LLC raised its position in shares of Technology & Telecommunication Acquisition by 13.6% in the 3rd quarter. Glazer Capital LLC now owns 992,973 shares of the company’s stock worth $10,029,000 after acquiring an additional 119,007 shares in the last quarter. Institutional investors own 60.80% of the company’s stock.

Technology & Telecommunication Acquisition Price Performance

Shares of NASDAQ:TETE opened at $10.63 on Friday. Technology & Telecommunication Acquisition Co. has a 52-week low of $9.90 and a 52-week high of $11.15. The stock has a 50 day moving average price of $10.49 and a 200-day moving average price of $10.30.

Technology & Telecommunication Acquisition Profile

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Technology & Telecommunication Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to acquire companies in the technology and telecommunications sector in Malaysia.