NEA Management Company LLC trimmed its position in shares of Tuya Inc. (NYSE:TUYA – Free Report) by 33.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,260,976 shares of the company’s stock after selling 1,673,664 shares during the quarter. NEA Management Company LLC owned 0.65% of Tuya worth $5,576,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. XTX Topco Ltd bought a new position in shares of Tuya during the second quarter valued at approximately $27,000. Acadian Asset Management LLC grew its position in Tuya by 139.3% in the 1st quarter. Acadian Asset Management LLC now owns 418,138 shares of the company’s stock valued at $727,000 after acquiring an additional 243,423 shares during the last quarter. Finally, Carmignac Gestion grew its position in Tuya by 24.2% in the 4th quarter. Carmignac Gestion now owns 4,890,200 shares of the company’s stock valued at $11,247,000 after acquiring an additional 952,100 shares during the last quarter. Institutional investors own 11.47% of the company’s stock.
Tuya Trading Up 8.6 %
NYSE:TUYA opened at $1.51 on Wednesday. Tuya Inc. has a twelve month low of $1.28 and a twelve month high of $2.50. The stock has a fifty day simple moving average of $1.49 and a 200-day simple moving average of $1.69.
Tuya Announces Dividend
The company also recently declared a Variable dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, September 11th will be issued a $0.059 dividend. The ex-dividend date of this dividend is Wednesday, September 11th.
About Tuya
Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.
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