Berkley W R Corp Purchases 99,740 Shares of Ares Acquisition Co. II (NYSE:AACT)

Berkley W R Corp boosted its position in shares of Ares Acquisition Co. II (NYSE:AACT - Free Report) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,608,763 shares of the company's stock after acquiring an additional 99,740 shares during the quarter. Ares Acquisition Co. II accounts for approximately 0.7% of Berkley W R Corp's investment portfolio, making the stock its 11th biggest holding. Berkley W R Corp owned approximately 2.57% of Ares Acquisition Co. II worth $17,664,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AACT. Decagon Asset Management LLP acquired a new stake in Ares Acquisition Co. II during the fourth quarter worth approximately $4,089,000. Mizuho Securities USA LLC acquired a new stake in Ares Acquisition Co. II during the 4th quarter worth approximately $3,534,000. Wolverine Asset Management LLC lifted its holdings in Ares Acquisition Co. II by 17.7% during the 4th quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company's stock worth $8,878,000 after purchasing an additional 121,655 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Ares Acquisition Co. II in the 4th quarter valued at $1,110,000. Finally, Virtu Financial LLC grew its holdings in Ares Acquisition Co. II by 4.2% in the 4th quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock valued at $249,000 after buying an additional 914 shares in the last quarter. Institutional investors and hedge funds own 72.95% of the company's stock.

Ares Acquisition Co. II Stock Up 0.0 %

Shares of AACT traded up $0.01 during midday trading on Friday, reaching $11.28. 135,807 shares of the stock were exchanged, compared to its average volume of 365,849. The stock's 50 day simple moving average is $11.17 and its 200 day simple moving average is $11.03. Ares Acquisition Co. II has a twelve month low of $10.58 and a twelve month high of $11.29.

Ares Acquisition Co. II Company Profile

Ares Acquisition Corp. II is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on March 15, 2021 and is headquartered in New York, NY.