Berkley W R Corp Decreases Position in Rigel Resource Acquisition Corp. (NYSE:RRAC)

Berkley W R Corp lessened its holdings in shares of Rigel Resource Acquisition Corp. (NYSE:RRAC - Free Report) by 21.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,546,204 shares of the company's stock after selling 434,043 shares during the period. Rigel Resource Acquisition accounts for 0.7% of Berkley W R Corp's holdings, making the stock its 13th biggest holding. Berkley W R Corp owned about 4.82% of Rigel Resource Acquisition worth $17,518,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mizuho Securities USA LLC increased its holdings in Rigel Resource Acquisition by 20.8% in the first quarter. Mizuho Securities USA LLC now owns 1,814,369 shares of the company's stock worth $20,212,000 after purchasing an additional 312,617 shares in the last quarter. Cohanzick Management LLC bought a new stake in shares of Rigel Resource Acquisition during the fourth quarter worth about $3,288,000. K2 Principal Fund L.P. acquired a new stake in shares of Rigel Resource Acquisition in the 4th quarter worth about $2,076,000. Finally, Virtu Financial LLC bought a new position in Rigel Resource Acquisition in the 1st quarter valued at about $267,000. Institutional investors own 71.85% of the company's stock.

Rigel Resource Acquisition Stock Performance

Shares of Rigel Resource Acquisition stock traded up $0.01 on Tuesday, hitting $11.47. The company had a trading volume of 2,174 shares, compared to its average volume of 82,362. Rigel Resource Acquisition Corp. has a 1 year low of $10.86 and a 1 year high of $12.75. The stock has a 50 day moving average of $11.42 and a 200-day moving average of $11.32.

Rigel Resource Acquisition Company Profile

Rigel Resource Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring companies primarily in the mining industry.