Westchester Capital Management LLC decreased its stake in Ares Acquisition Co. II (NYSE:AACT - Free Report) by 11.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,098,687 shares of the company's stock after selling 399,998 shares during the period. Ares Acquisition Co. II accounts for approximately 1.9% of Westchester Capital Management LLC's holdings, making the stock its 12th largest position. Westchester Capital Management LLC owned approximately 4.96% of Ares Acquisition Co. II worth $34,024,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Virtu Financial LLC increased its holdings in shares of Ares Acquisition Co. II by 4.2% during the 4th quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock worth $249,000 after acquiring an additional 914 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Ares Acquisition Co. II during the 4th quarter worth approximately $1,110,000. Mizuho Securities USA LLC acquired a new position in shares of Ares Acquisition Co. II during the 4th quarter worth approximately $3,534,000. Decagon Asset Management LLP acquired a new position in shares of Ares Acquisition Co. II during the 4th quarter worth approximately $4,089,000. Finally, Wolverine Asset Management LLC increased its holdings in shares of Ares Acquisition Co. II by 17.7% during the 4th quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company's stock worth $8,878,000 after acquiring an additional 121,655 shares during the last quarter. Institutional investors own 72.95% of the company's stock.
Ares Acquisition Co. II Stock Performance
Shares of AACT stock remained flat at $11.26 during trading on Wednesday. The company had a trading volume of 461,556 shares, compared to its average volume of 372,649. The business has a fifty day moving average price of $11.16 and a two-hundred day moving average price of $11.02. Ares Acquisition Co. II has a 1-year low of $10.58 and a 1-year high of $11.28.
Ares Acquisition Co. II Company Profile
(
Free Report)
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.
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