Bank of Montreal Can Makes New $9.08 Million Investment in Frontier Investment Corp (NASDAQ:FICV)

Bank of Montreal Can acquired a new position in shares of Frontier Investment Corp (NASDAQ:FICVGet Rating) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 931,870 shares of the company’s stock, valued at approximately $9,076,000. Bank of Montreal Can owned approximately 3.73% of Frontier Investment as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Taconic Capital Advisors LP bought a new position in shares of Frontier Investment in the first quarter valued at approximately $1,934,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Frontier Investment in the first quarter valued at approximately $485,000. Finally, Basso Capital Management L.P. bought a new position in shares of Frontier Investment in the first quarter valued at approximately $233,000. 27.40% of the stock is owned by institutional investors.

Frontier Investment Stock Up 0.1 %

FICV stock opened at $9.95 on Friday. The business has a 50 day moving average of $9.87 and a 200-day moving average of $9.78. Frontier Investment Corp has a 12-month low of $9.61 and a 12-month high of $9.97.

Frontier Investment Company Profile

(Get Rating)

Frontier Investment Corp does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to search in the technology, digital media, e-commerce, financial technology, and digital services sectors in the Middle East, North Africa, Turkey, Sub-Saharan Africa, and South and Southeast Asia.

Further Reading

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Institutional Ownership by Quarter for Frontier Investment (NASDAQ:FICV)

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