Ares Acquisition Co. II (NYSE:AACT – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $11.00 and last traded at $10.98, with a volume of 201 shares trading hands. The stock had previously closed at $10.98.
Ares Acquisition Co. II Trading Down 0.2 %
The stock has a fifty day moving average price of $10.94 and a two-hundred day moving average price of $10.83.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of AACT. FNY Investment Advisers LLC acquired a new position in shares of Ares Acquisition Co. II during the fourth quarter valued at approximately $1,110,000. Virtu Financial LLC boosted its stake in Ares Acquisition Co. II by 7.6% during the second quarter. Virtu Financial LLC now owns 118,148 shares of the company’s stock valued at $1,261,000 after buying an additional 8,324 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in Ares Acquisition Co. II during the second quarter worth about $5,335,000. Wolverine Asset Management LLC raised its position in 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 worth $7,440,000 after acquiring an additional 561,796 shares in the last quarter. Finally, Berkley W R Corp lifted its holdings in Ares Acquisition Co. II by 627.4% in the 2nd quarter. Berkley W R Corp now owns 1,509,023 shares of the company’s stock valued at $16,101,000 after acquiring an additional 1,301,567 shares during the last quarter. Institutional investors own 72.95% of the company’s stock.
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.
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