MMCAP International Inc. SPC acquired a new position in Fintech Ecosystem Development Corp. (NASDAQ:FEXD – Get Rating) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 400,000 shares of the company's stock, valued at approximately $3,976,000.

Separately, Karpus Management Inc. acquired a new position in Fintech Ecosystem Development during the 1st quarter valued at $5,031,000.

Fintech Ecosystem Development Stock Performance

NASDAQ:FEXD remained flat at $10.04 during trading hours on Thursday. 21 shares of the company traded hands, compared to its average volume of 57,110. Fintech Ecosystem Development Corp. has a 1 year low of $9.82 and a 1 year high of $10.55. The company's fifty day moving average is $10.01.

Fintech Ecosystem Development Company Profile

Fintech Ecosystem Development Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies in the financial technology sector in South Asia.

Recommended Stories

• Get a free copy of the StockNews.com research report on Fintech Ecosystem Development (FEXD)
• Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
• BJ's Wholesale Club Pops, Will Costco Be Next?
• Why Blue-Chip Tech Like Cisco Systems Is Rebounding
• Why Micron Stock Could Be About To Breakout
• Which Semiconductor Stocks Are Ready For Big Price Moves?

Receive News & Ratings for Fintech Ecosystem Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fintech Ecosystem Development and related companies with MarketBeat.com's FREE daily email newsletter.