GCM Grosvenor (NASDAQ:GCMGW) Shares Down 2.3%

GCM Grosvenor Inc. (NASDAQ:GCMGW) traded down 2.3% on Friday . The company traded as low as $0.42 and last traded at $0.42. 2,028 shares traded hands during trading, a decline of 96% from the average session volume of 51,639 shares. The stock had previously closed at $0.42.

GCM Grosvenor Stock Performance

The business’s 50 day moving average is $0.31 and its two-hundred day moving average is $0.31.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Ionic Capital Management LLC grew its holdings in shares of GCM Grosvenor by 21.4% during the second quarter. Ionic Capital Management LLC now owns 1,977,039 shares of the company’s stock valued at $574,000 after buying an additional 349,000 shares during the last quarter. CSS LLC IL bought a new stake in shares of GCM Grosvenor in the second quarter valued at approximately $60,000. JPMorgan Chase & Co. grew its stake in GCM Grosvenor by 490.6% during the second quarter. JPMorgan Chase & Co. now owns 349,162 shares of the company’s stock valued at $102,000 after acquiring an additional 290,043 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in GCM Grosvenor during the first quarter valued at approximately $565,000. Finally, Aristeia Capital LLC purchased a new position in GCM Grosvenor in the 4th quarter worth approximately $395,000.

GCM Grosvenor Company Profile

GCM Grosvenor Inc is global alternative asset management solutions provider. The firm primarily provides its services to pooled investment vehicles. It also provides its services to investment companies, high net worth individuals, pension and profit sharing plans and state or municipal government entities.