Bank of Montreal Can raised its holdings in Silver Spike Acquisition Corp II (NASDAQ:SPKB – Get Rating) by 22.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,029,837 shares of the company's stock after purchasing an additional 191,126 shares during the period. Bank of Montreal Can owned 2.87% of Silver Spike Acquisition Corp II worth $10,098,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Captrust Financial Advisors purchased a new position in shares of Silver Spike Acquisition Corp II during the first quarter valued at approximately $143,000. Ursa Fund Management LLC purchased a new position in shares of Silver Spike Acquisition Corp II during the first quarter valued at approximately $245,000. Magnus Financial Group LLC purchased a new position in shares of Silver Spike Acquisition Corp II during the first quarter valued at approximately $263,000. Cantor Fitzgerald L. P. purchased a new position in shares of Silver Spike Acquisition Corp II during the first quarter valued at approximately $487,000. Finally, Mint Tower Capital Management B.V. purchased a new position in shares of Silver Spike Acquisition Corp II during the second quarter valued at approximately $490,000. Hedge funds and other institutional investors own 70.36% of the company's stock.

Silver Spike Acquisition Corp II Price Performance

Shares of SPKB opened at $10.01 on Thursday. The company's 50 day simple moving average is $9.95 and its 200 day simple moving average is $9.86. Silver Spike Acquisition Corp II has a 1 year low of $9.70 and a 1 year high of $10.02.

About Silver Spike Acquisition Corp II

Silver Spike Acquisition Corp II does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, and similar business combination with one or more businesses or entities in cannabis industry. The company was incorporated in 2020 and is based in New York, New York.

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