Marshall Wace LLP Acquires 359,436 Shares of Newbury Street Acquisition Co. (NASDAQ:NBST)

Marshall Wace LLP increased its stake in shares of Newbury Street Acquisition Co. (NASDAQ:NBST – Get Rating) by 221.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 521,983 shares of the company’s stock after purchasing an additional 359,436 shares during the quarter. Marshall Wace LLP owned approximately 3.13% of Newbury Street Acquisition worth $5,132,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Elequin Capital LP acquired a new position in Newbury Street Acquisition during the third quarter worth $25,000. Wolverine Asset Management LLC boosted its position in shares of Newbury Street Acquisition by 37.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 13,969 shares of the company’s stock valued at $137,000 after acquiring an additional 3,795 shares during the last quarter. Centiva Capital LP bought a new stake in Newbury Street Acquisition during the second quarter valued at approximately $159,000. Glazer Capital LLC grew its position in Newbury Street Acquisition by 60.1% in the third quarter. Glazer Capital LLC now owns 18,426 shares of the company’s stock worth $181,000 after acquiring an additional 6,915 shares in the last quarter. Finally, Landscape Capital Management L.L.C. increased its position in shares of Newbury Street Acquisition by 14.7% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 20,293 shares of the company’s stock valued at $199,000 after purchasing an additional 2,600 shares during the last quarter. Institutional investors and hedge funds own 62.19% of the company’s stock.

Newbury Street Acquisition Stock Performance

Shares of NASDAQ:NBST opened at $10.18 on Tuesday. The company’s fifty day moving average is $10.08 and its 200 day moving average is $9.95. Newbury Street Acquisition Co. has a 52 week low of $9.70 and a 52 week high of $10.88.

Newbury Street Acquisition Company Profile

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Newbury Street Acquisition Corporation 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. The company was incorporated in 2020 and is based in Boston, Massachusetts.