Bulldog Investors LLP grew its position in Ares Acquisition Co. II (NYSE:AACT - Free Report) by 54.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 523,243 shares of the company's stock after purchasing an additional 185,556 shares during the quarter. Ares Acquisition Co. II makes up about 1.5% of Bulldog Investors LLP's portfolio, making the stock its 21st largest position. Bulldog Investors LLP owned 0.84% of Ares Acquisition Co. II worth $5,745,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Virtu Financial LLC boosted its position in Ares Acquisition Co. II by 4.2% during the fourth quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock valued at $249,000 after acquiring an additional 914 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Ares Acquisition Co. II during the 4th quarter valued at about $883,000. Berkley W R Corp grew its stake in Ares Acquisition Co. II by 6.6% during the fourth quarter. Berkley W R Corp now owns 1,608,763 shares of the company's stock worth $17,664,000 after purchasing an additional 99,740 shares during the period. FNY Investment Advisers LLC bought a new stake in Ares Acquisition Co. II in the fourth quarter worth approximately $1,110,000. Finally, Wolverine Asset Management LLC lifted its stake in Ares Acquisition Co. II by 17.7% in the fourth quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company's stock valued at $8,878,000 after buying an additional 121,655 shares during the period. 72.95% of the stock is currently owned by institutional investors and hedge funds.
Ares Acquisition Co. II Price Performance
Shares of Ares Acquisition Co. II stock traded up $0.01 on Friday, reaching $11.27. 42,051 shares of the company's stock were exchanged, compared to its average volume of 368,734. The firm's 50-day moving average is $11.19 and its two-hundred day moving average is $11.04. Ares Acquisition Co. II has a 52 week low of $10.58 and a 52 week high of $11.33.
About Ares Acquisition Co. II
(
Free Report)
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.
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