AlphaVest Acquisition Corp (NASDAQ:ATMV) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC lessened its stake in AlphaVest Acquisition Corp (NASDAQ:ATMV) by 55.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 200,000 shares of the company’s stock after selling 245,598 shares during the quarter. Wolverine Asset Management LLC owned about 2.85% of AlphaVest Acquisition worth $2,280,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Glazer Capital LLC increased its stake in shares of AlphaVest Acquisition by 16.1% in the 3rd quarter. Glazer Capital LLC now owns 267,330 shares of the company’s stock worth $2,978,000 after acquiring an additional 37,067 shares during the last quarter. Crossingbridge Advisors LLC purchased a new position in AlphaVest Acquisition during the third quarter worth about $3,087,000. Finally, Mizuho Securities USA LLC boosted its holdings in AlphaVest Acquisition by 108.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 560,368 shares of the company’s stock valued at $6,220,000 after purchasing an additional 291,908 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

AlphaVest Acquisition Stock Performance

Shares of NASDAQ ATMV opened at $11.52 on Friday. The company has a 50 day simple moving average of $11.41 and a 200-day simple moving average of $11.26. AlphaVest Acquisition Corp has a 1 year low of $10.79 and a 1 year high of $11.50.

AlphaVest Acquisition Company Profile

AlphaVest Acquisition Corp does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2022 and is based in New York, New York.