199,999 Shares in Avalon Acquisition Inc. (NASDAQ:AVAC) Acquired by Radcliffe Capital Management L.P.

Radcliffe Capital Management L.P. acquired a new position in shares of Avalon Acquisition Inc. (NASDAQ:AVACGet Rating) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 199,999 shares of the company’s stock, valued at approximately $1,976,000. Radcliffe Capital Management L.P. owned approximately 0.77% of Avalon Acquisition at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC purchased a new stake in shares of Avalon Acquisition during the 4th quarter worth approximately $722,000. Bank of Montreal Can purchased a new stake in shares of Avalon Acquisition during the 4th quarter worth approximately $5,148,000. Dakota Wealth Management purchased a new stake in shares of Avalon Acquisition during the 4th quarter worth approximately $851,000. JPMorgan Chase & Co. purchased a new stake in shares of Avalon Acquisition during the 4th quarter worth approximately $2,964,000. Finally, MMCAP International Inc. SPC purchased a new stake in shares of Avalon Acquisition during the 4th quarter worth approximately $4,940,000. 60.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of AVAC remained flat at $$9.97 during mid-day trading on Friday. The stock had a trading volume of 10 shares, compared to its average volume of 44,262. Avalon Acquisition Inc. has a twelve month low of $9.83 and a twelve month high of $10.01. The stock’s 50-day simple moving average is $9.96.

About Avalon Acquisition (Get Rating)

Avalon Acquisition Inc does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the financial services and financial technologies industries. The company was incorporated in 2020 and is based in San Francisco, California.

See Also

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Institutional Ownership by Quarter for Avalon Acquisition (NASDAQ:AVAC)

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