Virtu Financial LLC Raises Stock Position in Ares Acquisition Corporation II $AACT

Key Points

• Virtu Financial LLC increased its stake in Ares Acquisition Corporation II by 129.3%, owning a total of 52,078 shares valued at approximately $581,000.
• Other institutional investors also significantly increased their positions, with Mizuho Securities USA LLC raising its stake by 867.2%, now holding over 3 million shares valued at nearly $34.8 million.
• Ares Acquisition Corporation II's stock is currently trading at $11.38 with a 1-year range between $10.74 and $11.62.

Virtu Financial LLC grew its position in shares of Ares Acquisition Corporation II (NYSE:AACT - Free Report) by 129.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,078 shares of the company's stock after purchasing an additional 29,368 shares during the period. Virtu Financial LLC owned approximately 0.08% of Ares Acquisition Corporation II worth $581,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Mizuho Securities USA LLC raised its stake in Ares Acquisition Corporation II by 867.2% during the first quarter. Mizuho Securities USA LLC now owns 3,133,249 shares of the company's stock valued at $34,842,000 after purchasing an additional 2,809,299 shares in the last quarter. FNY Investment Advisers LLC raised its position in shares of Ares Acquisition Corporation II by 10.4% during the 1st quarter. FNY Investment Advisers LLC now owns 111,638 shares of the company's stock valued at $1,244,000 after buying an additional 10,538 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of Ares Acquisition Corporation II in the 4th quarter valued at about $21,519,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Ares Acquisition Corporation II by 2.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company's stock valued at $27,176,000 after acquiring an additional 61,500 shares during the last quarter. Finally, Bulldog Investors LLP grew its position in Ares Acquisition Corporation II by 54.9% in the fourth quarter. Bulldog Investors LLP now owns 523,243 shares of the company's stock worth $5,745,000 after acquiring an additional 185,556 shares in the last quarter. 72.95% of the stock is owned by institutional investors.

Ares Acquisition Corporation II Trading Up 0.2%

AACT stock traded up $0.02 during midday trading on Monday, reaching $11.40. 90,603 shares of the company traded hands, compared to its average volume of 566,192. Ares Acquisition Corporation II has a 52-week low of $10.74 and a 52-week high of $11.62. The business has a 50 day moving average of $11.36 and a 200-day moving average of $11.25.

Ares Acquisition Corporation II 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.