Citigroup Inc. Decreases Stock Holdings in Generation Asia I Acquisition Limited (NYSE:GAQ)

Citigroup Inc. cut its stake in Generation Asia I Acquisition Limited (NYSE:GAQ) by 11.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 400,437 shares of the company’s stock after selling 50,483 shares during the period. Citigroup Inc. owned about 1.36% of Generation Asia I Acquisition worth $4,129,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sea Otter Advisors LLC purchased a new stake in Generation Asia I Acquisition in the fourth quarter valued at $101,000. Aristeia Capital LLC increased its stake in Generation Asia I Acquisition by 15.5% in the fourth quarter. Aristeia Capital LLC now owns 1,083,062 shares of the company’s stock valued at $10,961,000 after purchasing an additional 145,200 shares during the period. First Trust Capital Management L.P. acquired a new position in Generation Asia I Acquisition in the fourth quarter valued at $132,000. Cubist Systematic Strategies LLC acquired a new position in Generation Asia I Acquisition in the second quarter valued at $481,000. Finally, JPMorgan Chase & Co. acquired a new position in Generation Asia I Acquisition in the second quarter valued at $4,165,000. 66.94% of the stock is owned by hedge funds and other institutional investors.

Generation Asia I Acquisition Stock Performance

NYSE GAQ opened at $10.67 on Monday. Generation Asia I Acquisition Limited has a one year low of $9.81 and a one year high of $11.20. The firm’s fifty day moving average is $10.57 and its two-hundred day moving average is $10.45.

Generation Asia I Acquisition Company Profile

Generation Asia I Acquisition Limited does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.