Keen Vision Acquisition (NASDAQ:KVAC) Shares Up 0.5% - Still a Buy?

Key Points

• Keen Vision Acquisition Corporation's shares increased by 0.5% to $11.58 during mid-day trading, with a 79% rise in trading volume compared to the average.
• Institutional investors and hedge funds hold 51.72% of Keen Vision Acquisition's stock, with recent significant investments leading to notable increases in holdings.
• The company is currently focused on potential mergers or acquisitions in the biotechnology, consumer goods, and agriculture sectors, as it does not yet have significant operations.

Shares of Keen Vision Acquisition Corporation (NASDAQ:KVAC - ) rose 0.5% during mid-day trading on Tuesday . The company traded as high as $11.58 and last traded at $11.58. Approximately 7,120 shares changed hands during mid-day trading, an increase of 79% from the average daily volume of 3,974 shares. The stock had previously closed at $11.52.

Keen Vision Acquisition Stock Performance

The business's 50 day simple moving average is $11.53 and its 200-day simple moving average is $11.36.

Institutional Investors Weigh In On Keen Vision Acquisition

Several institutional investors and hedge funds have recently modified their holdings of KVAC. Berkley W R Corp lifted its holdings in Keen Vision Acquisition by 52.7% in the 2nd quarter. Berkley W R Corp now owns 1,046,168 shares of the company's stock worth $11,895,000 after purchasing an additional 361,071 shares during the last quarter. Westchester Capital Management LLC acquired a new position in Keen Vision Acquisition in the 1st quarter valued at $787,000. Tabor Asset Management LP bought a new position in Keen Vision Acquisition in the 1st quarter worth $2,614,000. Finally, Toronto Dominion Bank acquired a new position in Keen Vision Acquisition during the 4th quarter worth $304,000. Institutional investors and hedge funds own 51.72% of the company's stock.

About Keen Vision Acquisition

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.

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