Elequin Capital LP increased its holdings in shares of Marblegate Acquisition Corp. (NASDAQ:GATE – Get Rating) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,963 shares of the company's stock after buying an additional 1,500 shares during the period. Marblegate Acquisition comprises approximately 0.5% of Elequin Capital LP's portfolio, making the stock its 26th largest position. Elequin Capital LP's holdings in Marblegate Acquisition were worth $756,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in GATE. Virtu Financial LLC acquired a new stake in Marblegate Acquisition during the 3rd quarter worth approximately $124,000. Centiva Capital LP lifted its stake in shares of Marblegate Acquisition by 93.9% in the second quarter. Centiva Capital LP now owns 25,011 shares of the company's stock worth $247,000 after acquiring an additional 12,109 shares during the period. OTA Financial Group L.P. acquired a new position in shares of Marblegate Acquisition in the third quarter worth approximately $279,000. Sculptor Capital LP acquired a new position in shares of Marblegate Acquisition in the first quarter worth approximately $359,000. Finally, Royal Bank of Canada lifted its stake in shares of Marblegate Acquisition by 34.1% in the first quarter. Royal Bank of Canada now owns 46,275 shares of the company's stock worth $456,000 after acquiring an additional 11,775 shares during the period. 70.50% of the stock is currently owned by institutional investors and hedge funds.
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Marblegate Acquisition Price Performance
Shares of Marblegate Acquisition stock traded up $0.03 during midday trading on Friday, reaching $10.06. The company had a trading volume of 212 shares, compared to its average volume of 1,781. The stock has a fifty day moving average price of $10.05 and a 200 day moving average price of $10.00. Marblegate Acquisition Corp. has a fifty-two week low of $9.78 and a fifty-two week high of $10.20.
Marblegate Acquisition Company Profile
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Marblegate Acquisition Corp. does not have significant operations. It focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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