Wolverine Asset Management LLC lowered its stake in Fintech Ecosystem Development Corp. (NASDAQ:FEXDU – Get Rating) by 98.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,355 shares of the company's stock after selling 260,645 shares during the quarter. Wolverine Asset Management LLC's holdings in Fintech Ecosystem Development were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Landscape Capital Management L.L.C. bought a new position in shares of Fintech Ecosystem Development in the fourth quarter worth about $298,000. Beryl Capital Management LLC purchased a new stake in shares of Fintech Ecosystem Development during the fourth quarter worth about $432,000. Sage Rock Capital Management LP purchased a new stake in shares of Fintech Ecosystem Development during the fourth quarter worth about $510,000. Whitebox Advisors LLC purchased a new stake in shares of Fintech Ecosystem Development during the fourth quarter worth about $765,000. Finally, 683 Capital Management LLC purchased a new stake in shares of Fintech Ecosystem Development during the fourth quarter worth about $1,530,000.

Fintech Ecosystem Development Stock Performance

NASDAQ:FEXDU opened at $10.14 on Friday. Fintech Ecosystem Development Corp. has a 12-month low of $9.70 and a 12-month high of $10.29. The stock has a 50-day moving average price of $10.12 and a 200 day moving average price of $10.15.

Fintech Ecosystem Development Profile

Fintech Ecosystem Development Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies in the financial technology sector in South Asia.

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