Berkley W R Corp Grows Stake in Investcorp India Acquisition Corp (NASDAQ:IVCA)

Berkley W R Corp increased its holdings in Investcorp India Acquisition Corp (NASDAQ:IVCA) by 57.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 737,682 shares of the company’s stock after acquiring an additional 268,776 shares during the quarter. Investcorp India Acquisition comprises 0.5% of Berkley W R Corp’s investment portfolio, making the stock its 27th biggest position. Berkley W R Corp’s holdings in Investcorp India Acquisition were worth $8,262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Investcorp India Acquisition in the 4th quarter valued at about $550,000. K2 Principal Fund L.P. bought a new position in shares of Investcorp India Acquisition in the fourth quarter worth approximately $2,198,000. Kim LLC raised its stake in Investcorp India Acquisition by 125.0% in the fourth quarter. Kim LLC now owns 225,006 shares of the company’s stock valued at $2,473,000 after purchasing an additional 125,000 shares in the last quarter. Mizuho Securities USA LLC lifted its position in Investcorp India Acquisition by 280.5% during the first quarter. Mizuho Securities USA LLC now owns 319,759 shares of the company’s stock valued at $3,549,000 after purchasing an additional 235,713 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its stake in Investcorp India Acquisition by 48.2% in the 4th quarter. Wolverine Asset Management LLC now owns 602,874 shares of the company’s stock worth $6,626,000 after buying an additional 195,957 shares in the last quarter. Hedge funds and other institutional investors own 55.98% of the company’s stock.

Investcorp India Acquisition Price Performance

Shares of NASDAQ:IVCA remained flat at $11.40 during trading on Monday. 41 shares of the stock were exchanged, compared to its average volume of 55,544. The company has a 50 day moving average price of $11.34 and a two-hundred day moving average price of $11.22. Investcorp India Acquisition Corp has a 1 year low of $10.67 and a 1 year high of $11.90.

Investcorp India Acquisition Profile

Investcorp India Acquisition Corp does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was formerly known as Investcorp Acquisition Corp.