SkyView Investment Advisors LLC Has $934,000 Holdings in Fortune Rise Acquisition Co. (NASDAQ:FRLA)

SkyView Investment Advisors LLC grew its position in shares of Fortune Rise Acquisition Co. (NASDAQ:FRLA) by 107.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,000 shares of the company’s stock after buying an additional 43,000 shares during the quarter. SkyView Investment Advisors LLC owned approximately 1.32% of Fortune Rise Acquisition worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FRLA. Clear Street LLC grew its position in Fortune Rise Acquisition by 2.6% during the 4th quarter. Clear Street LLC now owns 129,550 shares of the company’s stock worth $1,420,000 after acquiring an additional 3,323 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Fortune Rise Acquisition in the first quarter valued at $251,000. Spartan Fund Management Inc. lifted its position in 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 in the last quarter. K2 Principal Fund L.P. grew its holdings in Fortune Rise Acquisition by 55.0% during the 2nd quarter. K2 Principal Fund L.P. now owns 154,990 shares of the company’s stock worth $1,744,000 after acquiring an additional 54,991 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its position 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 in the last quarter. Institutional investors and hedge funds own 52.89% of the company’s stock.

Fortune Rise Acquisition Trading Up 0.1 %

Shares of FRLA stock opened at $11.39 on Friday. Fortune Rise Acquisition Co. has a 1 year low of $10.92 and a 1 year high of $11.87. The firm’s 50 day moving average is $11.30 and its 200-day moving average is $11.24.

Fortune Rise Acquisition Profile

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.