Mizuho Securities USA LLC Takes $406,000 Position in TG Venture Acquisition Corp. (NASDAQ:TGVC)

Mizuho Securities USA LLC purchased a new stake in shares of TG Venture Acquisition Corp. (NASDAQ:TGVC) during the 2nd quarter, HoldingsChannel reports. The fund purchased 39,035 shares of the company’s stock, valued at approximately $406,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Spartan Fund Management Inc. acquired a new stake in shares of TG Venture Acquisition during the 2nd quarter valued at $262,000. Altium Capital Management LP acquired a new stake in shares of TG Venture Acquisition during the first quarter worth $2,070,000. Glazer Capital LLC purchased a new stake in shares of TG Venture Acquisition during the first quarter valued at $159,000. Periscope Capital Inc. boosted its position in shares of TG Venture Acquisition by 39.1% in the 1st quarter. Periscope Capital Inc. now owns 954,860 shares of the company’s stock valued at $9,891,000 after purchasing an additional 268,502 shares during the period. Finally, Kim LLC purchased a new position in TG Venture Acquisition in the 1st quarter worth about $4,670,000. Institutional investors and hedge funds own 24.29% of the company’s stock.

TG Venture Acquisition Price Performance

TGVC stock opened at $10.75 on Friday. TG Venture Acquisition Corp. has a one year low of $10.03 and a one year high of $11.00. The firm has a 50-day moving average of $10.73 and a two-hundred day moving average of $10.59.

Insider Activity

In related news, major shareholder Wolverine Asset Management Llc sold 206,034 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $11.04, for a total value of $2,274,615.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.05% of the stock is owned by company insiders.

TG Venture Acquisition Company Profile

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.