Verition Fund Management LLC purchased a new position in shares of FutureTech II Acquisition Corp. (NASDAQ:FTIIU – Get Rating) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 250,000 shares of the company's stock, valued at approximately $2,505,000.

Other hedge funds have also added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in FutureTech II Acquisition during the 1st quarter worth approximately $127,000. Tuttle Capital Management LLC acquired a new stake in FutureTech II Acquisition during the 1st quarter worth approximately $147,000. Condor Capital Management acquired a new stake in FutureTech II Acquisition during the 1st quarter worth approximately $185,000. Berkley W R Corp acquired a new stake in FutureTech II Acquisition during the 1st quarter worth approximately $251,000. Finally, Prelude Capital Management LLC acquired a new stake in FutureTech II Acquisition during the 1st quarter worth approximately $401,000.

FutureTech II Acquisition Price Performance

NASDAQ:FTIIU opened at $10.07 on Friday. The stock has a 50 day simple moving average of $10.03 and a 200 day simple moving average of $10.05. FutureTech II Acquisition Corp. has a 1-year low of $9.99 and a 1-year high of $10.14.

FutureTech II Acquisition Company Profile

FutureTech II Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on companies in the technology industry.

Further Reading

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