FinTech Evolution Acquisition Group (NYSE:FTEV) Position Cut by Cantor Fitzgerald LP

by James · March 4, 2023

Cantor Fitzgerald LP decreased its holdings in shares of FinTech Evolution Acquisition Group (NYSE:FTEV – Get Rating) by 85.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,220 shares of the company’s stock after selling 300,430 shares during the period. Cantor Fitzgerald LP owned approximately 0.15% of FinTech Evolution Acquisition Group worth $518,000 as of its most recent SEC filing.

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Several other hedge funds have also recently added to or reduced their holdings in FTEV. Glazer Capital LLC boosted its holdings in shares of FinTech Evolution Acquisition Group by 40.4% during the third quarter. Glazer Capital LLC now owns 2,552,026 shares of the company’s stock valued at $25,316,000 after purchasing an additional 734,578 shares during the period. Bank of America Corp DE boosted its holdings in FinTech Evolution Acquisition Group by 53,571.4% during the first quarter. Bank of America Corp DE now owns 751,400 shares of the company’s stock worth $7,364,000 after buying an additional 750,000 shares in the last quarter. Verition Fund Management LLC purchased a new position in FinTech Evolution Acquisition Group during the 3rd quarter valued at $2,543,000. Karpus Management Inc. raised its stake in FinTech Evolution Acquisition Group by 90.2% in the 2nd quarter. Karpus Management Inc. now owns 95,269 shares of the company’s stock worth $934,000 after buying an additional 45,169 shares in the last quarter. Finally, Basso Capital Management LP lifted its holdings in shares of FinTech Evolution Acquisition Group by 2,042.0% in the first quarter. Basso Capital Management LP now owns 91,785 shares of the company’s stock valued at $899,000 after buying an additional 87,500 shares during the period. Institutional investors own 65.81% of the company’s shares.

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FinTech Evolution Acquisition Group Trade up 0.0%

Shares of FinTech Evolution Acquisition Group stock opened at $10.19 on Friday. FinTech Evolution Acquisition Group has a 52-week low of $9.73 and a 52-week high of $10.36. The company’s 50 day moving average price is $10.15 and two hundred day moving average price is $10.02.

FinTech Evolution Acquisition Group Profile

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FinTech Evolution Acquisition Group does not have a significant business. The company focuses on carrying out a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It intends to focus on financial technology and technology-enabled services businesses that offer technology solutions, and broader technology software or services/products to the financial services industry.

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