Tuttle Capital Management LLC acquired a new stake in Worldwide Webb Acquisition Corp. (NASDAQ:WWAC – Get Rating) in the first quarter, HoldingsChannel reports. The institutional investor acquired 89,095 shares of the company's stock, valued at approximately $597,000. Worldwide Webb Acquisition makes up about 1.5% of Tuttle Capital Management LLC's investment portfolio, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new position in Worldwide Webb Acquisition in the 4th quarter valued at about $9,271,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in Worldwide Webb Acquisition in the 4th quarter valued at about $14,610,000. Radcliffe Capital Management L.P. purchased a new position in Worldwide Webb Acquisition in the 4th quarter valued at about $14,720,000. Taconic Capital Advisors LP purchased a new position in Worldwide Webb Acquisition in the 4th quarter valued at about $3,896,000. Finally, Fifth Lane Capital LP purchased a new position in Worldwide Webb Acquisition in the 4th quarter valued at about $390,000. 40.46% of the stock is owned by hedge funds and other institutional investors.

Worldwide Webb Acquisition Stock Down 0.1 %

Shares of WWAC stock opened at $9.90 on Tuesday. Worldwide Webb Acquisition Corp. has a one year low of $9.70 and a one year high of $9.94. The company's 50-day simple moving average is $9.87 and its 200-day simple moving average is $9.84.

Worldwide Webb Acquisition Profile

Worldwide Webb Acquisition Corp. does not have significant operations. It 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 identify business opportunities in the field of direct-to-consumer brands, amazon-centric, online marketplace, food tech, new media, digital health, software-as-a-service, fintech, and others.

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