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2023-04-09 23:01
Bank of Montreal Can grew its stake in shares of Silver Spike Acquisition Corp II (NASDAQ:SPKB – Get Rating) by 26.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,098,711 shares of the company's stock after purchasing an additional 228,600 shares during the quarter. Bank of Montreal Can's holdings in Silver Spike Acquisition Corp II were worth $11,086,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. BNP Paribas Arbitrage SNC bought a new position in Silver Spike Acquisition Corp II during the 3rd quarter worth approximately $7,450,000. Marshall Wace LLP grew its holdings in shares of Silver Spike Acquisition Corp II by 5.3% in the third quarter. Marshall Wace LLP now owns 1,039,207 shares of the company's stock worth $10,309,000 after purchasing an additional 51,900 shares during the last quarter. Glazer Capital LLC increased its stake in shares of Silver Spike Acquisition Corp II by 36.4% in the third quarter. Glazer Capital LLC now owns 2,208,627 shares of the company's stock worth $21,887,000 after buying an additional 589,114 shares during the period. Ergoteles LLC boosted its position in Silver Spike Acquisition Corp II by 39.1% during the 3rd quarter. Ergoteles LLC now owns 52,590 shares of the company's stock valued at $522,000 after buying an additional 14,779 shares during the period. Finally, Exos TFP Holdings LLC bought a new stake in Silver Spike Acquisition Corp II in the 3rd quarter worth $1,195,000. Hedge funds and other institutional investors own 74.33% of the company's stock.
Get Silver Spike Acquisition Corp II alerts:Shares of SPKB stock traded down $0.02 during mid-day trading on Friday, reaching $10.22. The stock had a trading volume of 4,400 shares, compared to its average volume of 200,164. The stock's 50-day moving average price is $10.20 and its two-hundred day moving average price is $10.08. Silver Spike Acquisition Corp II has a 52-week low of $9.75 and a 52-week high of $11.06.
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Silver Spike Acquisition Corp II does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, and similar business combination with one or more businesses or entities in cannabis industry. The company was incorporated in 2020 and is based in New York, New York.
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