Virtu Financial LLC Cuts Position in Ares Acquisition Co. II (NYSE:AACT)

Virtu Financial LLC lowered its holdings in Ares Acquisition Co. II (NYSE:AACT) by 81.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,796 shares of the company’s stock after selling 96,352 shares during the quarter. Virtu Financial LLC’s holdings in Ares Acquisition Co. II were worth $236,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in AACT. Wolverine Asset Management LLC lifted its stake in shares of Ares Acquisition Co. II by 448.9% in the third quarter. Wolverine Asset Management LLC now owns 686,939 shares of the company’s stock valued at $7,440,000 after purchasing an additional 561,796 shares during the period. Driehaus Capital Management LLC purchased a new position in Ares Acquisition Co. II in the second quarter valued at about $5,335,000. Finally, Berkley W R Corp increased its holdings in Ares Acquisition Co. II by 627.4% in the second quarter. Berkley W R Corp now owns 1,509,023 shares of the company’s stock valued at $16,101,000 after buying an additional 1,301,567 shares in the last quarter. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

Ares Acquisition Co. II Price Performance

Shares of NYSE:AACT opened at $10.95 on Wednesday. The business’s 50 day simple moving average is $10.89 and its 200-day simple moving average is $10.79. Ares Acquisition Co. II has a 12 month low of $10.40 and a 12 month high of $11.00.

Ares Acquisition Co. II Company Profile

Ares Acquisition Corporation II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Ares Acquisition Corporation II was incorporated in 2021 and is based in New York, New York.