Tuttle Capital Management LLC cut its stake in Accelerate Acquisition Corp. (NYSE:AAQC – Get Rating) by 25.3% in the 1st quarter, Holdings Channel reports. The fund owned 288,256 shares of the company's stock after selling 97,559 shares during the quarter. Accelerate Acquisition comprises about 5.2% of Tuttle Capital Management LLC's holdings, making the stock its largest position. Tuttle Capital Management LLC's holdings in Accelerate Acquisition were worth $2,095,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kawa Capital Management Inc purchased a new stake in Accelerate Acquisition during the fourth quarter valued at about $1,107,000. GAM Holding AG purchased a new stake in Accelerate Acquisition during the fourth quarter valued at about $327,000. Wolverine Asset Management LLC boosted its position in Accelerate Acquisition by 57.6% during the fourth quarter. Wolverine Asset Management LLC now owns 26,648 shares of the company's stock valued at $259,000 after buying an additional 9,741 shares during the period. Finally, PenderFund Capital Management Ltd. boosted its position in Accelerate Acquisition by 6,400.0% during the fourth quarter. PenderFund Capital Management Ltd. now owns 6,500 shares of the company's stock valued at $80,000 after buying an additional 6,400 shares during the period. 92.93% of the stock is currently owned by hedge funds and other institutional investors.

Accelerate Acquisition Price Performance

Shares of NYSE:AAQC opened at $9.80 on Tuesday. The company has a 50-day moving average price of $9.77 and a 200-day moving average price of $9.75. Accelerate Acquisition Corp. has a 12 month low of $9.60 and a 12 month high of $9.92.

Accelerate Acquisition Company Profile

Accelerate Acquisition Corp. 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 in industrial, transportation and mobility, consumer, and retail sectors.

Further Reading

• Get a free copy of the StockNews.com research report on Accelerate Acquisition (AAQC)
• MarketBeat Podcast: Find Investing Opportunities For The Rest of 2022
• Deep Value High Yield Newell Brands Is Ready To Bottom
• The Colgate-Palmolive Growth Outlook Brightens
• These Stocks Outperformed Last Time There Was A Recession
• Does Rivian's Stock Still Have A Future?

Want to see what other hedge funds are holding AAQC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accelerate Acquisition Corp. (NYSE:AAQC – Get Rating).

Receive News & Ratings for Accelerate Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accelerate Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.