Alset Inc. (NASDAQ:AEI – Get Rating) rose 5.2% on Monday . The stock traded as high as $1.65 and last traded at $1.61. Approximately 51,511 shares were traded during trading, a decline of 19% from the average daily volume of 63,741 shares. The stock had previously closed at $1.53.
Alset Stock Performance
The firm has a 50-day moving average of $1.48 and a two-hundred day moving average of $2.44.
Hedge Funds Weigh In On Alset
Large investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Alset by 51.7% during the first quarter. BlackRock Inc. now owns 94,449 shares of the company’s stock valued at $43,000 after acquiring an additional 32,187 shares during the period. Vanguard Group Inc. increased its stake in Alset by 80.9% during the first quarter. Vanguard Group Inc. now owns 1,214,242 shares of the company’s stock valued at $559,000 after acquiring an additional 543,154 shares during the period. State Street Corp increased its stake in Alset by 261.8% during the first quarter. State Street Corp now owns 150,500 shares of the company’s stock valued at $69,000 after acquiring an additional 108,900 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Alset by 155.5% during the second quarter. Renaissance Technologies LLC now owns 2,121,994 shares of the company’s stock valued at $624,000 after acquiring an additional 1,291,373 shares during the period. Institutional investors and hedge funds own 6.50% of the company’s stock.
Alset Inc, through its subsidiaries, engages in the real estate development, financial services, digital transformation technologies, biohealth, and consumer products businesses in the United States, Singapore, Hong Kong, Australia, and South Korea. It operates through four segments: Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities segments.
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