70,000 Shares in Keen Vision Acquisition Corporation $KVAC Bought by Westchester Capital Management LLC

Key Points

• Westchester Capital Management LLC has made a new investment in Keen Vision Acquisition Corporation ($KVAC), purchasing 70,000 shares valued at approximately $787,000.
• In total, 51.72% of Keen Vision Acquisition's stock is owned by institutional investors and hedge funds, indicating significant interest from larger financial entities.
• Keen Vision Acquisition Corporation is focused on potential mergers and acquisitions within the biotechnology, consumer goods, and agriculture sectors, but currently lacks significant operations.

Westchester Capital Management LLC purchased a new position in shares of Keen Vision Acquisition Corporation (NASDAQ:KVAC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 70,000 shares of the company's stock, valued at approximately $787,000. Westchester Capital Management LLC owned 0.36% of Keen Vision Acquisition as of its most recent SEC filing.

Separately, Toronto Dominion Bank purchased a new position in shares of Keen Vision Acquisition in the 4th quarter worth $304,000. Hedge funds and other institutional investors own 51.72% of the company's stock.

Keen Vision Acquisition Trading Down 0.0%

Shares of KVAC traded down $0.01 during trading hours on Friday, hitting $11.62. The stock had a trading volume of 1,200 shares, compared to its average volume of 5,221. The company's fifty day simple moving average is $11.47 and its 200 day simple moving average is $11.32. Keen Vision Acquisition Corporation has a 12-month low of $10.67 and a 12-month high of $11.90.

Keen Vision Acquisition Profile

Keen Vision Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, and related business combination with one or more businesses or entities. It also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.