Sage Mountain Advisors LLC bought a new stake in Swiftmerge Acquisition Corp. (NASDAQ:IVCP – Get Rating) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 25,000 shares of the company's stock, valued at approximately $246,000. Sage Mountain Advisors LLC owned about 0.43% of Swiftmerge Acquisition as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Sculptor Capital LP bought a new stake in Swiftmerge Acquisition in the first quarter valued at $9,722,000. Highbridge Capital Management LLC acquired a new position in shares of Swiftmerge Acquisition during the first quarter valued at $676,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Swiftmerge Acquisition during the first quarter valued at $491,000. Wealthspring Capital LLC acquired a new position in shares of Swiftmerge Acquisition during the second quarter valued at $646,000. Finally, Farallon Capital Management LLC acquired a new position in shares of Swiftmerge Acquisition during the first quarter valued at $19,444,000.

Swiftmerge Acquisition Price Performance

Shares of IVCP opened at $9.96 on Wednesday. Swiftmerge Acquisition Corp. has a one year low of $9.67 and a one year high of $11.37. The stock's fifty day moving average is $9.91 and its 200-day moving average is $9.86.

Swiftmerge Acquisition Company Profile

Swiftmerge Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in West Vancouver, Canada.

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