Westchester Capital Management LLC Takes $8.03 Million Position in Plum Acquisition Corp. IV $PLMK

Key Points

• Westchester Capital Management LLC acquired 800,000 shares in Plum Acquisition Corp. IV, representing approximately 4.33% of the company, valued at around $8 million.
• Several other institutional investors, including Virtu Financial LLC and Kepos Capital LP, also purchased new stakes in Plum Acquisition Corp. IV during the first quarter of the year.
• Plum Acquisition Corp. IV's stock opened at $10.27, with a one-year range between $9.94 and $10.34.

Westchester Capital Management LLC purchased a new position in shares of Plum Acquisition Corp. IV (NASDAQ:PLMK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 800,000 shares of the company's stock, valued at approximately $8,032,000. Westchester Capital Management LLC owned about 4.33% of Plum Acquisition Corp. IV as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Picton Mahoney Asset Management acquired a new stake in Plum Acquisition Corp. IV during the first quarter worth approximately $1,506,000. Wolverine Asset Management LLC bought a new stake in Plum Acquisition Corp. IV in the 1st quarter valued at $3,415,000. Mizuho Securities USA LLC bought a new stake in Plum Acquisition Corp. IV in the 1st quarter valued at $1,504,000. Virtu Financial LLC bought a new stake in Plum Acquisition Corp. IV in the 1st quarter valued at $694,000. Finally, Kepos Capital LP bought a new stake in Plum Acquisition Corp. IV in the 1st quarter valued at $502,000.

Plum Acquisition Corp. IV Stock Performance

PLMK traded down $0.01 during trading on Friday, hitting $10.28. The stock had a trading volume of 115 shares, compared to its average volume of 15,828. The company has a 50 day moving average price of $10.28 and a 200-day moving average price of $10.16. Plum Acquisition Corp. IV has a one year low of $9.94 and a one year high of $10.34.

Plum Acquisition Corp. IV Profile

Plum Acquisition Corp. IV is a blank check company, which was established 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 June 10, 2024 and is headquartered in San Francisco, CA.