CIBC Private Wealth Group LLC raised its holdings in shares of CITIC Capital Acquisition Corp. (NYSE:CCAC) by 16.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 291,720 shares of the company’s stock after buying an additional 41,720 shares during the period. CIBC Private Wealth Group LLC owned about 1.06% of CITIC Capital Acquisition worth $2,917,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Tuttle Tactical Management purchased a new stake in CITIC Capital Acquisition during the first quarter valued at about $3,068,000. OLD Mission Capital LLC bought a new position in shares of CITIC Capital Acquisition during the third quarter valued at about $196,000. OTA Financial Group L.P. bought a new position in shares of CITIC Capital Acquisition during the first quarter valued at about $1,189,000. TIG Advisors LLC bought a new position in shares of CITIC Capital Acquisition during the fourth quarter valued at about $4,410,000. Finally, RP Investment Advisors LP bought a new position in shares of CITIC Capital Acquisition during the fourth quarter valued at about $3,983,000. Institutional investors and hedge funds own 67.46% of the company’s stock.
Shares of NYSE:CCAC opened at $9.94 on Wednesday. The company’s 50-day moving average price is $9.96. CITIC Capital Acquisition Corp. has a 12 month low of $9.65 and a 12 month high of $12.20.
CITIC Capital Acquisition Company Profile
CITIC Capital Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in Beijing, the People's Republic of China.
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