Inception Growth Acquisition (NASDAQ:IGTA) Trading Down 0.1%

Shares of Inception Growth Acquisition Limited (NASDAQ:IGTA) traded down 0.1% on Tuesday . The stock traded as low as $11.01 and last traded at $11.05. 118,452 shares changed hands during mid-day trading, an increase of 647% from the average session volume of 15,860 shares. The stock had previously closed at $11.06.

Inception Growth Acquisition Price Performance

The business has a 50 day moving average price of $10.85 and a 200-day moving average price of $10.73.

Institutional Investors Weigh In On Inception Growth Acquisition

A number of hedge funds have recently added to or reduced their stakes in the business. Cannon Global Investment Management LLC boosted its holdings in shares of Inception Growth Acquisition by 8.3% during the 3rd quarter. Cannon Global Investment Management LLC now owns 13,000 shares of the company’s stock worth $138,000 after buying an additional 1,000 shares in the last quarter. UBS Group AG bought a new position in Inception Growth Acquisition during the first quarter worth $27,000. Glazer Capital LLC grew its holdings in Inception Growth Acquisition by 6.1% in the fourth quarter. Glazer Capital LLC now owns 46,387 shares of the company’s stock worth $470,000 after purchasing an additional 2,684 shares during the period. Marshall Wace LLP grew its holdings in Inception Growth Acquisition by 10.3% in the third quarter. Marshall Wace LLP now owns 88,097 shares of the company’s stock worth $882,000 after purchasing an additional 8,250 shares during the period. Finally, Warberg Asset Management LLC raised its holdings in shares of Inception Growth Acquisition by 50.5% during the fourth quarter. Warberg Asset Management LLC now owns 45,792 shares of the company’s stock valued at $488,000 after purchasing an additional 15,364 shares during the period. 48.99% of the stock is currently owned by institutional investors.

Inception Growth Acquisition Company Profile

Inception Growth Acquisition Limited does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on sourcing opportunities in the technology, media and telecom, sports and entertainment, and non-gambling game sectors.