Wolverine Asset Management LLC grew its position in shares of Technology & Telecommunication Acquisition Co. (NASDAQ:TETE – Free Report) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,207 shares of the company’s stock after purchasing an additional 24,986 shares during the period. Wolverine Asset Management LLC owned approximately 4.15% of Technology & Telecommunication Acquisition worth $3,058,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the company. Mizuho Securities USA LLC increased its stake in shares of Technology & Telecommunication Acquisition by 64.2% in the third quarter. Mizuho Securities USA LLC now owns 255,659 shares of the company’s stock worth $3,081,000 after buying an additional 99,936 shares during the last quarter. K2 Principal Fund L.P. bought a new stake in shares of Technology & Telecommunication Acquisition in the third quarter worth $1,522,000. Finally, Berkley W R Corp bought a new stake in shares of Technology & Telecommunication Acquisition in the third quarter worth $3,395,000. Hedge funds and other institutional investors own 45.39% of the company’s stock.
Technology & Telecommunication Acquisition Stock Performance
Shares of NASDAQ:TETE opened at $12.41 on Friday. The company has a fifty day simple moving average of $12.36 and a 200 day simple moving average of $12.22. Technology & Telecommunication Acquisition Co. has a 12-month low of $11.45 and a 12-month high of $14.45.
Technology & Telecommunication Acquisition Company Profile
Technology & Telecommunication Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The company was founded on November 8, 2021 and is headquartered in Kuala Lumpur, Malaysia.
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