Sage Mountain Advisors LLC reduced its stake in Financial Strategies Acquisition Corp. (NASDAQ:FXCO – Get Rating) by 27.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,750 shares of the company's stock after selling 8,400 shares during the quarter. Sage Mountain Advisors LLC owned approximately 0.21% of Financial Strategies Acquisition worth $226,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. EHP Funds Inc. acquired a new stake in shares of Financial Strategies Acquisition during the 1st quarter worth about $60,000. Wolverine Asset Management LLC raised its position in shares of Financial Strategies Acquisition by 5.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 408,173 shares of the company's stock worth $4,069,000 after acquiring an additional 19,522 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Financial Strategies Acquisition by 95.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 40,577 shares of the company's stock worth $405,000 after acquiring an additional 19,811 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Financial Strategies Acquisition during the 2nd quarter worth about $208,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Financial Strategies Acquisition during the 1st quarter worth about $399,000. Institutional investors and hedge funds own 84.64% of the company's stock.

Financial Strategies Acquisition Price Performance

Shares of NASDAQ FXCO opened at $10.14 on Wednesday. Financial Strategies Acquisition Corp. has a fifty-two week low of $9.75 and a fifty-two week high of $10.53. The stock's 50-day simple moving average is $10.08 and its 200-day simple moving average is $10.02.

Financial Strategies Acquisition Company Profile

Financial Strategies Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company focuses on identifying businesses in the financial technology and financial services sector.

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