Wolverine Asset Management LLC Has $4.57 Million Stock Holdings in Arrowroot Acquisition Corp. (NASDAQ:ARRW)

Wolverine Asset Management LLC lessened its holdings in shares of Arrowroot Acquisition Corp. (NASDAQ:ARRW) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 435,998 shares of the company’s stock after selling 3,000 shares during the period. Wolverine Asset Management LLC’s holdings in Arrowroot Acquisition were worth $4,565,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Periscope Capital Inc. grew its holdings in shares of Arrowroot Acquisition by 19.2% in the 3rd quarter. Periscope Capital Inc. now owns 212,181 shares of the company’s stock valued at $2,222,000 after buying an additional 34,145 shares during the period. Meteora Capital LLC grew its holdings in shares of Arrowroot Acquisition by 10.6% in the 3rd quarter. Meteora Capital LLC now owns 312,664 shares of the company’s stock valued at $3,274,000 after buying an additional 29,931 shares during the period. Finally, Deutsche Bank AG grew its holdings in shares of Arrowroot Acquisition by 14.1% in the 3rd quarter. Deutsche Bank AG now owns 55,251 shares of the company’s stock valued at $578,000 after buying an additional 6,847 shares during the period. Institutional investors and hedge funds own 32.94% of the company’s stock.

Arrowroot Acquisition Stock Performance

ARRW remained flat at $10.00 during trading on Wednesday. 132,897 shares of the company traded hands, compared to its average volume of 25,675. Arrowroot Acquisition Corp. has a 1-year low of $8.46 and a 1-year high of $20.00. The stock has a 50 day moving average of $11.15 and a 200-day moving average of $10.70.

About Arrowroot Acquisition

Arrowroot Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to identify and acquire a business focusing on the enterprise software sector.