Prelude Capital Management LLC increased its stake in shares of Finnovate Acquisition Corp. (NASDAQ:FNVT – Get Rating) by 6.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,100 shares of the company's stock after purchasing an additional 8,500 shares during the period. Prelude Capital Management LLC owned 0.63% of Finnovate Acquisition worth $1,353,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FNVT. Royal Bank of Canada lifted its position in shares of Finnovate Acquisition by 8.7% in the first quarter. Royal Bank of Canada now owns 47,337 shares of the company's stock valued at $469,000 after acquiring an additional 3,800 shares in the last quarter. Centiva Capital LP purchased a new position in Finnovate Acquisition in the 2nd quarter valued at about $136,000. Wealthspring Capital LLC acquired a new stake in shares of Finnovate Acquisition during the 1st quarter worth about $228,000. Bank of Montreal Can purchased a new stake in shares of Finnovate Acquisition during the first quarter worth about $758,000. Finally, Ayrton Capital LLC acquired a new position in shares of Finnovate Acquisition in the first quarter valued at approximately $991,000. Hedge funds and other institutional investors own 61.71% of the company's stock.

Finnovate Acquisition Stock Performance

Shares of NASDAQ FNVT opened at $10.21 on Thursday. Finnovate Acquisition Corp. has a 1 year low of $9.75 and a 1 year high of $10.67. The firm's 50 day moving average price is $10.15 and its 200 day moving average price is $10.05.

Finnovate Acquisition Company Profile

Finnovate Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to acquire Israel-related companies, including companies focused on payments, insuretech, wealthtech, regtech, digital banking, fintech as a service (FAAS), banking as a service (BAAS), cyber area for financial institutions, blockchain and crypto, algo-trading and exchanges, and lending and credit line platforms.

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