Berkley W R Corp Has $3.55 Million Stock Holdings in Finnovate Acquisition Corp. (NASDAQ:FNVT)

Berkley W R Corp trimmed its position in Finnovate Acquisition Corp. (NASDAQ:FNVT) by 53.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 313,249 shares of the company’s stock after selling 354,518 shares during the quarter. Berkley W R Corp owned 3.45% of Finnovate Acquisition worth $3,552,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Clear Street LLC bought a new position in shares of Finnovate Acquisition in the 2nd quarter valued at $50,000. Quarry LP bought a new position in Finnovate Acquisition in the fourth quarter valued at about $1,344,000. K2 Principal Fund L.P. acquired a new position in Finnovate Acquisition during the first quarter worth about $2,248,000. Wolverine Asset Management LLC lifted its holdings in shares of Finnovate Acquisition by 22.4% in the second quarter. Wolverine Asset Management LLC now owns 210,762 shares of the company’s stock worth $2,390,000 after acquiring an additional 38,509 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its stake in shares of Finnovate Acquisition by 1.7% in the 1st quarter. Mizuho Securities USA LLC now owns 651,308 shares of the company’s stock valued at $7,275,000 after purchasing an additional 10,681 shares in the last quarter. 45.92% of the stock is currently owned by institutional investors and hedge funds.

Finnovate Acquisition Stock Performance

FNVT stock opened at $11.56 on Tuesday. The company has a 50 day simple moving average of $11.46 and a 200 day simple moving average of $11.37. Finnovate Acquisition Corp. has a 1 year low of $10.84 and a 1 year high of $11.56.

Finnovate Acquisition Company Profile

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.