CVI Holdings LLC Buys New Holdings in GP-Act III Acquisition Corp. (NASDAQ:GPATU)

CVI Holdings LLC acquired a new position in shares of GP-Act III Acquisition Corp. (NASDAQ:GPATU) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 460,000 shares of the company’s stock, valued at approximately $4,614,000. GP-Act III Acquisition comprises approximately 4.2% of CVI Holdings LLC’s investment portfolio, making the stock its 5th biggest holding.

Several other hedge funds have also recently bought and sold shares of GPATU. Picton Mahoney Asset Management acquired a new position in GP-Act III Acquisition during the second quarter worth $18,807,000. Cowen AND Company LLC acquired a new position in GP-Act III Acquisition during the second quarter worth $11,890,000. Aristeia Capital L.L.C. acquired a new position in GP-Act III Acquisition during the second quarter worth $5,015,000. Clear Street LLC acquired a new position in GP-Act III Acquisition during the second quarter worth $4,737,000. Finally, Dryden Capital LLC acquired a new stake in shares of GP-Act III Acquisition in the second quarter valued at $3,009,000.

GP-Act III Acquisition Price Performance

GP-Act III Acquisition stock opened at $10.20 on Friday. The firm has a 50-day simple moving average of $10.08. GP-Act III Acquisition Corp. has a 12-month low of $10.02 and a 12-month high of $10.50.

About GP-Act III Acquisition

GP-Act III Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as GP Investments Acquisition Corp. II and changed its name to GP-Act III Acquisition Corp.