Karpus Management Inc. decreased its stake in McLaren Technology Acquisition Corp. (NASDAQ:MLAI – Get Rating) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 729,100 shares of the company's stock after selling 16,550 shares during the quarter. Karpus Management Inc.'s holdings in McLaren Technology Acquisition were worth $7,298,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Highbridge Capital Management LLC grew its position in shares of McLaren Technology Acquisition by 6.9% in the first quarter. Highbridge Capital Management LLC now owns 1,339,345 shares of the company's stock valued at $13,367,000 after purchasing an additional 86,698 shares during the period. Aristeia Capital LLC acquired a new position in McLaren Technology Acquisition during the first quarter worth about $3,490,000. Verition Fund Management LLC acquired a new position in McLaren Technology Acquisition during the first quarter worth about $1,994,000. Picton Mahoney Asset Management acquired a new position in McLaren Technology Acquisition during the first quarter worth about $2,493,000. Finally, Apollo Management Holdings L.P. acquired a new position in McLaren Technology Acquisition during the first quarter worth about $4,985,000. Institutional investors and hedge funds own 62.68% of the company's stock.

McLaren Technology Acquisition Stock Performance

MLAI opened at $10.15 on Friday. McLaren Technology Acquisition Corp. has a twelve month low of $9.80 and a twelve month high of $10.55. The firm's 50-day moving average price is $10.09 and its 200 day moving average price is $10.04.

About McLaren Technology Acquisition

McLaren Technology Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus on companies within the banking, financial services, and insurance sector that leverage artificial intelligence, machine learning, digital, technology, and fintech.

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