Karpus Management Inc. Makes New Investment in Kensington Capital Acquisition Corp. V (NYSE:KCGI)

Karpus Management Inc. purchased a new position in Kensington Capital Acquisition Corp. V (NYSE:KCGI) in the first quarter, Holdings Channel.com reports. The firm purchased 38,793 shares of the company’s stock, valued at approximately $421,000.

A number of other institutional investors have also bought and sold shares of KCGI. Wolverine Asset Management LLC purchased a new stake in Kensington Capital Acquisition Corp. V in the 4th quarter worth $1,096,000. Robinson Capital Management LLC increased its stake in Kensington Capital Acquisition Corp. V by 29.3% in the 4th quarter. Robinson Capital Management LLC now owns 67,608 shares of the company’s stock worth $723,000 after buying an additional 15,308 shares in the last quarter. Finally, Kim LLC purchased a new stake in Kensington Capital Acquisition Corp. V in the 4th quarter worth $2,037,000.

Kensington Capital Acquisition Corp. V Stock Performance

KCGI stock remained flat at $11.13 during trading on Thursday. The company’s stock had a trading volume of 4,251 shares, compared to its average volume of 26,436. Kensington Capital Acquisition Corp. V has a 1-year low of $10.47 and a 1-year high of $11.14. The company has a 50-day moving average price of $11.07 and a two-hundred day moving average price of $10.91.

About Kensington Capital Acquisition Corp. V

Kensington Capital Acquisition Corp. V does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Kensington Capital Acquisition Corp. V was incorporated in 2021 and is based in Westbury, New York.