Motive Capital Corp II (NYSE:MTVC – Get Rating) traded up 0.1% during trading on Tuesday . The company traded as high as $10.30 and last traded at $10.28. 9,371 shares changed hands during trading, a decline of 80% from the average session volume of 47,431 shares. The stock had previously closed at $10.27.
Motive Capital Corp II Trading Up 0.1 %
The stock’s 50 day moving average price is $10.20 and its 200 day moving average price is $10.07.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in Motive Capital Corp II during the 2nd quarter worth approximately $222,000. Toroso Investments LLC increased its position in Motive Capital Corp II by 6.5% during the 3rd quarter. Toroso Investments LLC now owns 29,588 shares of the company’s stock worth $296,000 after purchasing an additional 1,794 shares in the last quarter. Bank of America Corp DE acquired a new stake in Motive Capital Corp II during the 1st quarter worth approximately $496,000. Karpus Management Inc. acquired a new stake in Motive Capital Corp II during the 2nd quarter worth approximately $1,390,000. Finally, First Trust Capital Management L.P. increased its position in Motive Capital Corp II by 21.4% during the 3rd quarter. First Trust Capital Management L.P. now owns 186,863 shares of the company’s stock worth $1,867,000 after purchasing an additional 32,889 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.
About Motive Capital Corp II
Motive Capital Corp II does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the financial software and information services companies. The company was incorporated in 2021 and is based in New York, New York.
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