Berto Acquisition (NASDAQ:TACOU) Shares Up 0.2% – Here’s Why

Berto Acquisition Corp. (NASDAQ:TACOU) shot up 0.2% during trading on Wednesday . The stock traded as high as $10.35 and last traded at $10.35. 10,081 shares were traded during trading, an increase of 39% from the average session volume of 7,255 shares. The stock had previously closed at $10.33.

Berto Acquisition Stock Up 0.2%

The stock’s fifty day moving average price is $10.33 and its 200-day moving average price is $10.48.

Institutional Investors Weigh In On Berto Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Marex Group plc acquired a new stake in shares of Berto Acquisition in the 2nd quarter worth approximately $227,000. Clear Street Group Inc. purchased a new stake in Berto Acquisition during the third quarter worth $336,000. Clear Street LLC acquired a new stake in Berto Acquisition in the second quarter valued at $460,000. JPMorgan Chase & Co. purchased a new position in shares of Berto Acquisition in the second quarter valued at $1,077,000. Finally, DLD Asset Management LP acquired a new position in shares of Berto Acquisition during the 2nd quarter worth $2,343,000.

About Berto Acquisition

Berto Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. The company has no commercial operations to date and was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

The company completed its initial public offering in early 2022, raising gross proceeds through the sale of units each consisting of one share of common stock and a fraction of a warrant.