Exos Asset Management LLC Raises Position in E.Merge Technology Acquisition Corp. (NASDAQ:ETAC)

Exos Asset Management LLC raised its stake in shares of E.Merge Technology Acquisition Corp. (NASDAQ:ETACGet Rating) by 2,861.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 262,406 shares of the company’s stock after purchasing an additional 253,544 shares during the period. E.Merge Technology Acquisition accounts for about 1.1% of Exos Asset Management LLC’s portfolio, making the stock its 21st biggest position. Exos Asset Management LLC owned about 0.43% of E.Merge Technology Acquisition worth $2,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of ETAC. Cantor Fitzgerald Investment Adviser L.P. purchased a new stake in shares of E.Merge Technology Acquisition in the fourth quarter worth approximately $3,877,000. Saba Capital Management L.P. raised its holdings in shares of E.Merge Technology Acquisition by 5.1% in the fourth quarter. Saba Capital Management L.P. now owns 2,073,847 shares of the company’s stock worth $20,407,000 after buying an additional 100,000 shares during the period. PenderFund Capital Management Ltd. raised its holdings in shares of E.Merge Technology Acquisition by 153.8% in the fourth quarter. PenderFund Capital Management Ltd. now owns 3,300 shares of the company’s stock worth $41,000 after buying an additional 2,000 shares during the period. Easterly Investment Partners LLC purchased a new stake in shares of E.Merge Technology Acquisition in the third quarter worth approximately $196,000. Finally, Wellington Management Group LLP raised its holdings in shares of E.Merge Technology Acquisition by 36.3% in the third quarter. Wellington Management Group LLP now owns 824,353 shares of the company’s stock worth $8,095,000 after buying an additional 219,633 shares during the period. Institutional investors and hedge funds own 91.46% of the company’s stock.

ETAC opened at $9.99 on Thursday. The stock’s fifty day moving average is $9.94 and its two-hundred day moving average is $9.90. E.Merge Technology Acquisition Corp. has a 52 week low of $9.71 and a 52 week high of $9.99.

E.Merge Technology Acquisition Profile (Get Rating)

E.Merge Technology Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with other businesses. It intends to focus its search on companies in the software and internet technology industries.

Read More

Institutional Ownership by Quarter for E.Merge Technology Acquisition (NASDAQ:ETAC)

Receive News & Ratings for E.Merge Technology Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E.Merge Technology Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.