Shares of FinTech Evolution Acquisition Group (NYSE:FTEV – Get Rating) traded up 0.1% on Thursday . The company traded as high as $10.00 and last traded at $9.99. 2,029 shares were traded during trading, a decline of 96% from the average session volume of 48,554 shares. The stock had previously closed at $9.98.

FinTech Evolution Acquisition Group Stock Up 0.1 %

The firm has a 50 day simple moving average of $9.93 and a 200-day simple moving average of $9.85.

Institutional Investors Weigh In On FinTech Evolution Acquisition Group

Several institutional investors have recently bought and sold shares of the company. Cantor Fitzgerald L. P. boosted its holdings in FinTech Evolution Acquisition Group by 37.8% in the first quarter. Cantor Fitzgerald L. P. now owns 300,430 shares of the company's stock worth $2,944,000 after acquiring an additional 82,366 shares in the last quarter. Piper Sandler & CO. acquired a new stake in FinTech Evolution Acquisition Group in the 1st quarter worth approximately $56,000. Karpus Management Inc. purchased a new stake in FinTech Evolution Acquisition Group during the 1st quarter worth approximately $491,000. Bank of America Corp DE increased its stake in FinTech Evolution Acquisition Group by 53,571.4% during the 1st quarter. Bank of America Corp DE now owns 751,400 shares of the company's stock valued at $7,364,000 after purchasing an additional 750,000 shares in the last quarter. Finally, Basso Capital Management L.P. increased its stake in FinTech Evolution Acquisition Group by 2,042.0% during the 1st quarter. Basso Capital Management L.P. now owns 91,785 shares of the company's stock valued at $899,000 after purchasing an additional 87,500 shares in the last quarter. 64.98% of the stock is currently owned by institutional investors and hedge funds.

FinTech Evolution Acquisition Group Company Profile

FinTech Evolution Acquisition Group 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. It intends to focus on businesses in the financial technology and technology-enabled services that offers technology solutions, and broader technology software or services/products to the financial services industry.

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