Schechter Investment Advisors LLC trimmed its stake in Spark I Acquisition Corporation (NASDAQ:SPKL - Free Report) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 583,214 shares of the company's stock after selling 28,935 shares during the quarter. Schechter Investment Advisors LLC owned approximately 3.55% of Spark I Acquisition worth $6,270,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPKL. Mizuho Securities USA LLC purchased a new position in Spark I Acquisition in the fourth quarter valued at about $1,616,000. Bulldog Investors LLP boosted its stake in Spark I Acquisition by 46.6% in the fourth quarter. Bulldog Investors LLP now owns 149,734 shares of the company's stock valued at $1,593,000 after acquiring an additional 47,616 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Spark I Acquisition by 12.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 175,145 shares of the company's stock valued at $1,864,000 after acquiring an additional 18,952 shares during the last quarter. Finally, Toronto Dominion Bank purchased a new position in Spark I Acquisition in the fourth quarter valued at about $5,320,000. 34.90% of the stock is currently owned by hedge funds and other institutional investors.
Spark I Acquisition Stock Performance
Shares of SPKL stock remained flat at $10.91 during trading on Monday. 1,161 shares of the company were exchanged, compared to its average volume of 36,230. The stock has a 50-day moving average price of $10.88 and a 200-day moving average price of $10.79. Spark I Acquisition Corporation has a 12 month low of $10.37 and a 12 month high of $11.95.
Spark I Acquisition Profile
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Free Report)
Spark I Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with one or more businesses or assets. The company was incorporated in 2021 and is based in Palo Alto, California.
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