Berkley W R Corp Reduces Position in AlphaVest Acquisition Corp

Berkley W R Corp has decreased its stake in AlphaVest Acquisition Corp (NASDAQ:ATMV - Free Report) by 17.4% during the third quarter, based on its latest filing with the SEC. After selling 72,627 shares during this period, the institutional investor now owns a total of 345,658 shares of AlphaVest. At the end of the most recent quarter, Berkley W R Corp held 4.93% of AlphaVest Acquisition, which is valued at approximately $3,851,000.

Additionally, other institutional investors have also altered their positions in AlphaVest Acquisition recently. For instance, Cowen AND Company LLC increased its holdings by 68.8% in the second quarter, acquiring an additional 113,410 shares and bringing its total to 278,202 shares, valued at $3,069,000. Spartan Fund Management Inc. took on a new position in AlphaVest Acquisition during the third quarter, with an investment estimated at $546,000.

Mizuho Securities USA LLC also expanded its stake, growing its holdings by 108.7% to own 560,368 shares worth $6,220,000 after purchasing an additional 291,908 shares this quarter. Meanwhile, Crossingbridge Advisors LLC acquired a new stake worth $3,087,000, and Glazer Capital LLC boosted its position by 16.1%, now owning 267,330 shares valued at $2,978,000 after acquiring 37,067 additional shares. Overall, about 46.08% of AlphaVest’s stock is held by hedge funds and other institutional investors.

AlphaVest Acquisition Stock Performance

On the NASDAQ, AlphaVest Acquisition Corp (ATMV) opened at $11.25 on Friday. The stock has demonstrated a fifty-day simple moving average of $11.20 and a 200-day simple moving average of $11.12. Over the past twelve months, the stock has fluctuated, reaching a low of $10.64 and a high of $11.25.

AlphaVest Acquisition Company Overview

AlphaVest Acquisition Corp is a company that is primarily focused on finding opportunities for merging with or acquiring other businesses. Founded in 2022 and based in New York, New York, the company does not have significant operations at this time but aims to execute various business combinations involving capital stock exchanges and asset acquisitions.

Berkley, AlphaVest, Investment