Crossingbridge Advisors LLC Sells 56,520 Shares of Keen Vision Acquisition Co. (NASDAQ:KVAC)

Crossingbridge Advisors LLC reduced its holdings in Keen Vision Acquisition Co. (NASDAQ:KVAC) by 18.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 255,847 shares of the company’s stock after selling 56,520 shares during the quarter. Keen Vision Acquisition comprises about 2.1% of Crossingbridge Advisors LLC’s investment portfolio, making the stock its 16th biggest position. Crossingbridge Advisors LLC’s holdings in Keen Vision Acquisition were worth $2,753,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Dakota Wealth Management grew its position in Keen Vision Acquisition by 40.2% in the 3rd quarter. Dakota Wealth Management now owns 43,600 shares of the company’s stock worth $469,000 after purchasing an additional 12,500 shares during the last quarter. Virtu Financial LLC acquired a new position in Keen Vision Acquisition during the first quarter worth $465,000. Wolverine Asset Management LLC increased its position in shares of Keen Vision Acquisition by 34.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 885,388 shares of the company’s stock worth $9,527,000 after purchasing an additional 225,839 shares in the last quarter. Cowen AND Company LLC increased its holdings in shares of Keen Vision Acquisition by 41.5% during the second quarter. Cowen AND Company LLC now owns 1,080,463 shares of the company’s stock worth $11,432,000 after buying an additional 317,149 shares in the last quarter. Finally, Berkley W R Corp raised its stake in shares of Keen Vision Acquisition by 97.4% in the second quarter. Berkley W R Corp now owns 952,209 shares of the company’s stock valued at $10,093,000 after acquiring an additional 469,903 shares during the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

Keen Vision Acquisition Stock Performance

NASDAQ KVAC opened at $10.87 on Tuesday. The stock’s 50 day simple moving average is $10.81 and its 200 day simple moving average is $10.69. Keen Vision Acquisition Co. has a one year low of $10.28 and a one year high of $10.91.

About Keen Vision Acquisition

Keen Vision Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, and related business combination with one or more businesses or entities. It also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.