Periscope Capital Inc. boosted its holdings in shares of FTAC Hera Acquisition Corp. (NASDAQ:HERA – Get Rating) by 22.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,346,540 shares of the company's stock after acquiring an additional 242,840 shares during the quarter. FTAC Hera Acquisition makes up approximately 0.4% of Periscope Capital Inc.'s portfolio, making the stock its 27th largest holding. Periscope Capital Inc.'s holdings in FTAC Hera Acquisition were worth $13,364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC bought a new position in FTAC Hera Acquisition during the third quarter valued at approximately $35,000. Condor Capital Management bought a new position in shares of FTAC Hera Acquisition in the second quarter valued at approximately $79,000. Penserra Capital Management LLC raised its position in shares of FTAC Hera Acquisition by 36.5% in the first quarter. Penserra Capital Management LLC now owns 10,482 shares of the company's stock valued at $102,000 after purchasing an additional 2,805 shares during the period. Virtu Financial LLC bought a new position in shares of FTAC Hera Acquisition in the second quarter valued at approximately $172,000. Finally, Kohlberg Kravis Roberts & Co. L.P. bought a new position in shares of FTAC Hera Acquisition in the first quarter valued at approximately $196,000. Institutional investors own 72.45% of the company's stock.

FTAC Hera Acquisition Price Performance

NASDAQ:HERA opened at $10.16 on Friday. FTAC Hera Acquisition Corp. has a 12 month low of $9.69 and a 12 month high of $10.18. The company's 50 day moving average is $10.10 and its 200-day moving average is $9.98.

FTAC Hera Acquisition Profile

FTAC Hera Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Philadelphia, Pennsylvania.

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