Spartan Fund Management Inc. Makes New Investment in Equity Distribution Acquisition Corp. (NYSE:EQD)

Spartan Fund Management Inc. bought a new position in shares of Equity Distribution Acquisition Corp. (NYSE:EQDGet Rating) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 75,000 shares of the company’s stock, valued at approximately $927,000. Spartan Fund Management Inc. owned approximately 0.14% of Equity Distribution Acquisition as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Integrity Capital Management HK Ltd purchased a new stake in shares of Equity Distribution Acquisition during the first quarter worth $38,000. Privium Fund Management UK Ltd purchased a new stake in shares of Equity Distribution Acquisition in the first quarter valued at about $101,000. DAVENPORT & Co LLC purchased a new stake in shares of Equity Distribution Acquisition in the first quarter valued at about $119,000. Eisler Capital UK Ltd. grew its holdings in shares of Equity Distribution Acquisition by 6.0% in the fourth quarter. Eisler Capital UK Ltd. now owns 368,753 shares of the company’s stock valued at $3,623,000 after purchasing an additional 20,709 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Equity Distribution Acquisition by 119.9% in the fourth quarter. Qube Research & Technologies Ltd now owns 45,600 shares of the company’s stock valued at $448,000 after purchasing an additional 24,859 shares during the period. Hedge funds and other institutional investors own 72.61% of the company’s stock.

Equity Distribution Acquisition Price Performance

Shares of EQD opened at $10.01 on Friday. Equity Distribution Acquisition Corp. has a 12-month low of $9.78 and a 12-month high of $10.02. The firm has a 50-day moving average price of $9.98 and a 200 day moving average price of $9.93.

Equity Distribution Acquisition Company Profile

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Equity Distribution Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses or entities. Equity Distribution Acquisition Corp. was incorporated in 2020 and is based in Chicago, Illinois.

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Institutional Ownership by Quarter for Equity Distribution Acquisition (NYSE:EQD)

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