Wolverine Asset Management LLC lessened its stake in shares of Revelstone Capital Acquisition Corp. (NASDAQ:RCACU – Get Rating) by 83.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,464 shares of the company's stock after selling 43,537 shares during the quarter. Wolverine Asset Management LLC's holdings in Revelstone Capital Acquisition were worth $82,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthspring Capital LLC grew its stake in shares of Revelstone Capital Acquisition by 327.6% during the first quarter. Wealthspring Capital LLC now owns 65,165 shares of the company's stock worth $643,000 after buying an additional 49,925 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Revelstone Capital Acquisition during the first quarter worth $144,000. Finally, Clear Street LLC lifted its holdings in shares of Revelstone Capital Acquisition by 27,544.4% during the second quarter. Clear Street LLC now owns 4,976 shares of the company's stock worth $49,000 after purchasing an additional 4,958 shares during the period.

Revelstone Capital Acquisition Stock Performance

Shares of NASDAQ:RCACU opened at $9.99 on Wednesday. The firm's fifty day moving average is $9.88 and its 200-day moving average is $9.88. Revelstone Capital Acquisition Corp. has a 52 week low of $9.54 and a 52 week high of $10.10.

About Revelstone Capital Acquisition

Revelstone Capital 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 in the consumer, media, and/or technology markets. The company was incorporated in 2021 and is based in Irvine, California.

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