Westchester Capital Management LLC purchased a new stake in FutureTech II Acquisition Corp. (NASDAQ:FTII – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 400,000 shares of the company’s stock, valued at approximately $4,352,000.
Other large investors have also recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC purchased a new stake in FutureTech II Acquisition in the first quarter worth about $116,000. Cubist Systematic Strategies LLC purchased a new stake in FutureTech II Acquisition in the second quarter worth about $199,000. Virtu Financial LLC bought a new position in shares of FutureTech II Acquisition in the second quarter worth approximately $236,000. Walleye Trading LLC bought a new position in shares of FutureTech II Acquisition in the second quarter worth approximately $264,000. Finally, Centiva Capital LP bought a new position in shares of FutureTech II Acquisition in the second quarter worth approximately $297,000. 75.80% of the stock is owned by institutional investors.
FutureTech II Acquisition Trading Up 0.2 %
Shares of NASDAQ FTII traded up $0.02 during midday trading on Tuesday, hitting $11.06. The stock had a trading volume of 100 shares, compared to its average volume of 61,174. The business’s 50 day moving average is $10.90 and its 200-day moving average is $10.87. FutureTech II Acquisition Corp. has a 52 week low of $10.32 and a 52 week high of $12.12.
About FutureTech II Acquisition
FutureTech II Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire and manage a business in the technology industry.
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