Wolverine Asset Management LLC lessened its position in Genesis Growth Tech Acquisition Corp. (NASDAQ:GGAA – Get Rating) by 24.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,301 shares of the company's stock after selling 7,699 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.07% of Genesis Growth Tech Acquisition worth $241,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp purchased a new position in Genesis Growth Tech Acquisition during the second quarter valued at $108,000. Cubist Systematic Strategies LLC purchased a new position in Genesis Growth Tech Acquisition during the second quarter valued at $117,000. First Trust Capital Management L.P. purchased a new position in Genesis Growth Tech Acquisition during the third quarter valued at $133,000. Virtu Financial LLC purchased a new position in Genesis Growth Tech Acquisition during the third quarter valued at $289,000. Finally, Goldman Sachs Group Inc. purchased a new position in Genesis Growth Tech Acquisition during the first quarter valued at $392,000. Hedge funds and other institutional investors own 66.61% of the company's stock.
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Shares of NASDAQ:GGAA opened at $10.70 on Friday. The stock has a fifty day simple moving average of $10.97 and a two-hundred day simple moving average of $10.52. Genesis Growth Tech Acquisition Corp. has a 12-month low of $9.97 and a 12-month high of $27.37.
Genesis Growth Tech Acquisition Profile
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Genesis Growth Tech Acquisition Corp. does not have significant operations. The company 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 focus its efforts on identifying technology companies operating primarily within the consumer internet industry in Europe, Israel, the United Arab Emirates, or the United States.
Further Reading
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