Virtu Financial LLC reduced its holdings in Ares Acquisition Co. II (NYSE:AACT - Free Report) by 81.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,796 shares of the company's stock after selling 96,352 shares during the quarter. Virtu Financial LLC's holdings in Ares Acquisition Co. II were worth $236,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of AACT. Wolverine Asset Management LLC lifted its holdings in shares of Ares Acquisition Co. II by 150,674.7% during the 2nd quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company's stock worth $1,335,000 after acquiring an additional 125,060 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in Ares Acquisition Co. II during the second quarter valued at about $5,335,000. Finally, Berkley W R Corp lifted its stake in Ares Acquisition Co. II by 627.4% during the second quarter. Berkley W R Corp now owns 1,509,023 shares of the company's stock worth $16,101,000 after purchasing an additional 1,301,567 shares during the last quarter. Hedge funds and other institutional investors own 72.95% of the company's stock.
Ares Acquisition Co. II Price Performance
Shares of Ares Acquisition Co. II stock traded up $0.01 during trading on Wednesday, hitting $10.95. 28,649 shares of the stock traded hands, compared to its average volume of 202,651. Ares Acquisition Co. II has a 52 week low of $10.41 and a 52 week high of $11.00. The firm's fifty day moving average is $10.89 and its 200-day moving average is $10.79.
Ares Acquisition Co. II Profile
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Free Report)
Ares Acquisition Corporation II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Ares Acquisition Corporation II was incorporated in 2021 and is based in New York, New York.
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