Mizuho Securities USA LLC cut its holdings in shares of E.Merge Technology Acquisition Corp. (NASDAQ:ETAC) by 87.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,745 shares of the company’s stock after selling 219,255 shares during the period. Mizuho Securities USA LLC owned approximately 0.05% of E.Merge Technology Acquisition worth $301,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Panagora Asset Management Inc. bought a new stake in E.Merge Technology Acquisition in the 4th quarter valued at approximately $77,000. Penserra Capital Management LLC bought a new position in E.Merge Technology Acquisition in the fourth quarter valued at $208,000. Dynamic Technology Lab Private Ltd acquired a new stake in E.Merge Technology Acquisition in the 4th quarter valued at $307,000. Smith Moore & CO. bought a new stake in E.Merge Technology Acquisition during the 4th quarter worth about $344,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of E.Merge Technology Acquisition during the 3rd quarter worth about $587,000. Institutional investors own 32.49% of the company’s stock.
ETAC opened at $9.78 on Tuesday. The business’s 50-day simple moving average is $9.83 and its 200 day simple moving average is $10.03. E.Merge Technology Acquisition Corp. has a 52-week low of $9.53 and a 52-week high of $11.00.
E.Merge Technology Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with other businesses. It intends to focus on businesses in software and internet technology industries. The company was founded in 2020 and is based in Burlingame, California.
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