Saba Capital Management L.P. bought a new position in shares of VMG Consumer Acquisition Corp. (NASDAQ:VMGA – Get Rating) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,761,100 shares of the company's stock, valued at approximately $17,453,000. Saba Capital Management L.P. owned about 7.04% of VMG Consumer Acquisition as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VMGA. Cohanzick Management LLC acquired a new position in VMG Consumer Acquisition during the first quarter worth $52,000. CI Investments Inc. acquired a new stake in shares of VMG Consumer Acquisition in the first quarter valued at about $295,000. PEAK6 Investments LLC purchased a new position in VMG Consumer Acquisition in the first quarter valued at about $297,000. Goldman Sachs Group Inc. bought a new stake in shares of VMG Consumer Acquisition in the 1st quarter worth approximately $513,000. Finally, P Schoenfeld Asset Management LP acquired a new stake in VMG Consumer Acquisition in the 1st quarter valued at approximately $664,000. Hedge funds and other institutional investors own 6.00% of the company's stock.

VMG Consumer Acquisition Price Performance

VMGA traded up $0.02 during trading on Thursday, reaching $9.99. 400 shares of the stock traded hands, compared to its average volume of 21,811. VMG Consumer Acquisition Corp. has a fifty-two week low of $9.82 and a fifty-two week high of $10.29. The stock's 50-day simple moving average is $9.94 and its two-hundred day simple moving average is $9.92.

VMG Consumer Acquisition Company Profile

VMG Consumer Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring consumer and retail companies across a range of industry verticals, such as food and beverage, beauty and personal care, health and wellness, pet products and services, household products, and multi-unit retailers/services, as well as apparel, footwear, and accessories.

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