Wolverine Asset Management LLC lessened its stake in shares of TKB Critical Technologies 1 (NASDAQ:USCT – Get Rating) by 9.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 556,993 shares of the company's stock after selling 55,639 shares during the quarter. Wolverine Asset Management LLC owned about 1.94% of TKB Critical Technologies 1 worth $5,586,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of USCT. Bank of America Corp DE purchased a new position in TKB Critical Technologies 1 in the first quarter worth $1,000,000. Taconic Capital Advisors LP raised its position in TKB Critical Technologies 1 by 116.7% in the first quarter. Taconic Capital Advisors LP now owns 650,000 shares of the company's stock worth $6,494,000 after acquiring an additional 350,000 shares in the last quarter. Walleye Capital LLC purchased a new position in TKB Critical Technologies 1 in the first quarter worth $661,000. Spring Creek Capital LLC purchased a new position in TKB Critical Technologies 1 in the first quarter worth $250,000. Finally, Sculptor Capital LP raised its position in TKB Critical Technologies 1 by 100.0% in the first quarter. Sculptor Capital LP now owns 700,000 shares of the company's stock worth $7,000,000 after acquiring an additional 350,000 shares in the last quarter. Hedge funds and other institutional investors own 61.51% of the company's stock.
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Shares of USCT stock opened at $10.18 on Tuesday. TKB Critical Technologies 1 has a fifty-two week low of $9.77 and a fifty-two week high of $11.04. The business has a fifty day simple moving average of $10.12 and a 200-day simple moving average of $10.07.
TKB Critical Technologies 1 Profile
(Get Rating)TKB Critical Technologies 1 does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company focuses on businesses in the advanced manufacturing, artificial intelligence, automation, data security, energy storage and power management, financial technology, industrial software, Internet of Things, microelectronics, robotics, and wireless communications equipment sectors.
Further Reading
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