Quarry LP Acquires Shares of 121,499 Finnovate Acquisition Corp. (NASDAQ:FNVT)

Quarry LP acquired a new stake in shares of Finnovate Acquisition Corp. (NASDAQ:FNVTFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 121,499 shares of the company’s stock, valued at approximately $1,344,000. Quarry LP owned approximately 1.34% of Finnovate Acquisition as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of FNVT. Cowen AND Company LLC bought a new stake in shares of Finnovate Acquisition in the 4th quarter worth approximately $1,256,000. Shaolin Capital Management LLC boosted its position in shares of Finnovate Acquisition by 174.2% in the 3rd quarter. Shaolin Capital Management LLC now owns 240,000 shares of the company’s stock worth $2,614,000 after purchasing an additional 563,300 shares in the last quarter. Berkley W R Corp boosted its position in shares of Finnovate Acquisition by 79.5% in the 4th quarter. Berkley W R Corp now owns 408,124 shares of the company’s stock worth $4,518,000 after purchasing an additional 180,794 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its position in shares of Finnovate Acquisition by 1.5% in the 4th quarter. Mizuho Securities USA LLC now owns 640,627 shares of the company’s stock worth $7,047,000 after purchasing an additional 9,347 shares in the last quarter. 45.92% of the stock is owned by institutional investors.

Finnovate Acquisition Stock Performance

Shares of FNVT traded up $0.09 during mid-day trading on Friday, reaching $11.44. The company had a trading volume of 499 shares, compared to its average volume of 50,412. The firm has a 50-day moving average price of $11.32 and a 200 day moving average price of $11.20. Finnovate Acquisition Corp. has a 52 week low of $10.56 and a 52 week high of $11.50.

About Finnovate Acquisition

(Free Report)

Finnovate Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on the acquisition of Israel-related companies, including companies focused on payments, insuretech, wealthtech, regtech, digital banking, fintech as a service, banking as a service, cyber area for financial institutions, blockchain and crypto, algo-trading and exchanges, and lending and credit line platforms.

Further Reading

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Institutional Ownership by Quarter for Finnovate Acquisition (NASDAQ:FNVT)

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