Tuttle Capital Management LLC reduced its holdings in International Media Acquisition Corp. (NASDAQ:IMAQ – Get Rating) by 25.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 52,877 shares of the company's stock after selling 17,908 shares during the quarter. Tuttle Capital Management LLC's holdings in International Media Acquisition were worth $524,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the business. OTA Financial Group L.P. lifted its holdings in International Media Acquisition by 6.5% in the first quarter. OTA Financial Group L.P. now owns 25,024 shares of the company's stock valued at $247,000 after buying an additional 1,536 shares during the period. Karpus Management Inc. lifted its holdings in International Media Acquisition by 0.9% in the fourth quarter. Karpus Management Inc. now owns 475,354 shares of the company's stock valued at $4,668,000 after buying an additional 4,386 shares during the period. Wolverine Asset Management LLC increased its stake in International Media Acquisition by 4.7% in the fourth quarter. Wolverine Asset Management LLC now owns 183,993 shares of the company's stock valued at $1,806,000 after purchasing an additional 8,190 shares in the last quarter. PEAK6 Investments LLC bought a new stake in International Media Acquisition in the fourth quarter valued at approximately $301,000. Finally, Bank of Montreal Can increased its stake in International Media Acquisition by 5.9% in the fourth quarter. Bank of Montreal Can now owns 1,058,509 shares of the company's stock valued at $10,416,000 after purchasing an additional 58,509 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.
Get International Media Acquisition alerts:International Media Acquisition Price Performance
Shares of NASDAQ:IMAQ opened at $10.13 on Tuesday. International Media Acquisition Corp. has a 52 week low of $9.61 and a 52 week high of $10.13. The company has a 50 day moving average price of $9.98 and a two-hundred day moving average price of $9.93.
International Media Acquisition Profile
(Get Rating)International Media Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media and entertainment sector. The company was incorporated in 2021 and is based in North Brunswick, New Jersey.
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