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Sage Mountain Advisors LLC Sells 6,350 Shares of Finnovate Acquisition Corp. (NASDAQ:FNVTU)

Financial News Live ·  Oct 20, 2022 07:33

Sage Mountain Advisors LLC decreased its holdings in Finnovate Acquisition Corp. (NASDAQ:FNVTU – Get Rating) by 29.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,070 shares of the company's stock after selling 6,350 shares during the period. Sage Mountain Advisors LLC's holdings in Finnovate Acquisition were worth $150,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Walleye Capital LLC purchased a new position in Finnovate Acquisition during the 4th quarter worth $512,000.

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Finnovate Acquisition Price Performance

Shares of NASDAQ:FNVTU opened at $10.10 on Thursday. Finnovate Acquisition Corp. has a 1 year low of $9.93 and a 1 year high of $11.15. The business's 50-day moving average is $10.07 and its 200 day moving average is $10.04.

Finnovate Acquisition Company Profile

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Finnovate Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to acquire Israel-related companies, including companies focused on payments, insuretech, wealthtech, regtech, digital banking, fintech as a service (FAAS), banking as a service (BAAS), cyber area for financial institutions, blockchain and crypto, algo-trading and exchanges, and lending and credit line platforms.

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