Toronto Dominion Bank Buys New Holdings in Ares Acquisition Co. II (NYSE:AACT)

Toronto Dominion Bank bought a new stake in Ares Acquisition Co. II (NYSE:AACT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,959,855 shares of the company's stock, valued at approximately $21,519,000. Toronto Dominion Bank owned approximately 3.14% of Ares Acquisition Co. II as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC increased its stake in Ares Acquisition Co. II by 17.7% in the 4th 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 last quarter. Decagon Asset Management LLP acquired a new stake in shares of Ares Acquisition Co. II in the fourth quarter valued at about $4,089,000. Virtu Financial LLC raised its holdings 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 worth $249,000 after acquiring an additional 914 shares in the last quarter. Mizuho Securities USA LLC bought a new stake in Ares Acquisition Co. II during the fourth quarter worth about $3,534,000. Finally, Berkley W R Corp boosted its position 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 valued at $17,664,000 after purchasing an additional 99,740 shares during the last quarter. Institutional investors own 72.95% of the company's stock.

Ares Acquisition Co. II Stock Up 1.3%

AACT stock traded up $0.15 during mid-day trading on Friday, reaching $11.45. The company had a trading volume of 2,805,705 shares, compared to its average volume of 400,897. Ares Acquisition Co. II has a 52 week low of $10.64 and a 52 week high of $11.45. The stock has a 50 day simple moving average of $11.23 and a two-hundred day simple moving average of $11.09.

About Ares Acquisition Co. II

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.