Clear Harbor Asset Management LLC cut its holdings in shares of Arrowroot Acquisition Corp. (NASDAQ:ARRW – Get Rating) by 24.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,000 shares of the company's stock after selling 6,000 shares during the period. Clear Harbor Asset Management LLC owned 0.05% of Arrowroot Acquisition worth $187,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Hsbc Holdings PLC increased its stake in shares of Arrowroot Acquisition by 246.8% during the first quarter. Hsbc Holdings PLC now owns 1,147,485 shares of the company's stock valued at $11,182,000 after buying an additional 816,631 shares during the period. Saba Capital Management L.P. grew its stake in Arrowroot Acquisition by 1.1% in the first quarter. Saba Capital Management L.P. now owns 1,123,257 shares of the company's stock worth $10,963,000 after purchasing an additional 12,321 shares during the period. Millennium Management LLC grew its stake in Arrowroot Acquisition by 2.4% in the second quarter. Millennium Management LLC now owns 988,556 shares of the company's stock worth $9,698,000 after purchasing an additional 23,534 shares during the period. Goldman Sachs Group Inc. grew its stake in Arrowroot Acquisition by 32.3% in the second quarter. Goldman Sachs Group Inc. now owns 818,586 shares of the company's stock worth $7,989,000 after purchasing an additional 199,991 shares during the period. Finally, Basso Capital Management L.P. grew its stake in Arrowroot Acquisition by 6.8% in the first quarter. Basso Capital Management L.P. now owns 593,496 shares of the company's stock worth $5,793,000 after purchasing an additional 37,700 shares during the period. 64.91% of the stock is owned by hedge funds and other institutional investors.
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Shares of ARRW stock opened at $10.04 on Tuesday. The business's fifty day moving average is $9.96 and its 200 day moving average is $9.87. Arrowroot Acquisition Corp. has a twelve month low of $9.66 and a twelve month high of $10.30.
About Arrowroot Acquisition
(Get Rating)Arrowroot Acquisition 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 identify and acquire a business focusing on the enterprise software sector.
Further Reading
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