Fortune Rise Acquisition Co. (NASDAQ:FRLA) Shares Purchased by Clear Street LLC

Clear Street LLC lifted its position in shares of Fortune Rise Acquisition Co. (NASDAQ:FRLA) by 86.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 251,793 shares of the company’s stock after purchasing an additional 116,523 shares during the period. Fortune Rise Acquisition accounts for 0.0% of Clear Street LLC’s portfolio, making the stock its 6th largest holding. Clear Street LLC’s holdings in Fortune Rise Acquisition were worth $2,833,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Wolverine Asset Management LLC raised its stake in Fortune Rise Acquisition by 32.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 344,113 shares of the company’s stock valued at $3,871,000 after acquiring an additional 83,626 shares during the period. Tuttle Capital Management LLC acquired a new position in shares of Fortune Rise Acquisition in the second quarter valued at $1,678,000. Quarry LP bought a new position in shares of Fortune Rise Acquisition in the fourth quarter valued at about $1,646,000. K2 Principal Fund L.P. lifted its stake in shares of Fortune Rise Acquisition by 266.8% during the 1st quarter. K2 Principal Fund L.P. now owns 99,999 shares of the company’s stock worth $1,111,000 after buying an additional 72,738 shares during the last quarter. Finally, Spartan Fund Management Inc. boosted its holdings in shares of Fortune Rise Acquisition by 172.8% during the 2nd quarter. Spartan Fund Management Inc. now owns 85,399 shares of the company’s stock worth $961,000 after buying an additional 54,099 shares during the period. 52.89% of the stock is owned by institutional investors.

Fortune Rise Acquisition Price Performance

Fortune Rise Acquisition stock opened at $11.34 on Thursday. The company’s 50-day moving average price is $11.29 and its two-hundred day moving average price is $11.23. Fortune Rise Acquisition Co. has a twelve month low of $10.90 and a twelve month high of $11.87.

About Fortune Rise Acquisition

Fortune Rise Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Clearwater, Florida.