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

Virtu Financial LLC acquired a new stake in shares of Ares Acquisition Co. II (NYSE:AACT) during the first quarter, HoldingsChannel reports. The fund acquired 109,824 shares of the company’s stock, valued at approximately $1,161,000.

A number of other large investors have also recently made changes to their positions in AACT. Firethorn Wealth Partners LLC raised its stake in Ares Acquisition Co. II by 51.5% during the 4th quarter. Firethorn Wealth Partners LLC now owns 19,728 shares of the company’s stock valued at $206,000 after purchasing an additional 6,708 shares during the period. Condor Capital Management raised its stake in Ares Acquisition Co. II by 30.2% during the 1st quarter. Condor Capital Management now owns 53,057 shares of the company’s stock valued at $561,000 after purchasing an additional 12,307 shares during the period. Berkley W R Corp raised its stake in Ares Acquisition Co. II by 165.5% during the 1st quarter. Berkley W R Corp now owns 207,456 shares of the company’s stock valued at $2,193,000 after purchasing an additional 129,324 shares during the period. Bulldog Investors LLP raised its stake in Ares Acquisition Co. II by 55.6% during the 4th quarter. Bulldog Investors LLP now owns 426,605 shares of the company’s stock valued at $4,454,000 after purchasing an additional 152,411 shares during the period. Finally, Cohanzick Management LLC raised its stake in Ares Acquisition Co. II by 133.4% during the 4th quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock valued at $3,197,000 after purchasing an additional 175,000 shares during the period. 72.95% of the stock is owned by hedge funds and other institutional investors.

Ares Acquisition Co. II Stock Performance

AACT remained flat at $10.75 on Friday. The company had a trading volume of 53,450 shares, compared to its average volume of 222,350. The firm has a 50 day simple moving average of $10.68 and a 200 day simple moving average of $10.60. Ares Acquisition Co. II has a 52 week low of $10.18 and a 52 week high of $10.76.

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.