38,793 Shares in Kensington Capital Acquisition Corp. V (NYSE:KCGI) Purchased by Karpus Management Inc.

Karpus Management Inc. bought a new position in shares of Kensington Capital Acquisition Corp. V (NYSE:KCGI) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 38,793 shares of the company’s stock, valued at approximately $421,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wolverine Asset Management LLC bought a new stake in Kensington Capital Acquisition Corp. V during the fourth quarter worth about $1,096,000. Robinson Capital Management LLC lifted its stake in Kensington Capital Acquisition Corp. V by 29.3% during the fourth quarter. Robinson Capital Management LLC now owns 67,608 shares of the company’s stock worth $723,000 after purchasing an additional 15,308 shares during the last quarter. Finally, Kim LLC bought a new stake in Kensington Capital Acquisition Corp. V during the fourth quarter worth about $2,037,000.

Kensington Capital Acquisition Corp. V Price Performance

KCGI stock remained flat at $11.13 during mid-day trading on Thursday. The company’s stock had a trading volume of 4,251 shares, compared to its average volume of 26,436. The firm’s 50 day simple moving average is $11.07 and its two-hundred day simple moving average is $10.91. Kensington Capital Acquisition Corp. V has a 52-week low of $10.47 and a 52-week high of $11.14.

Kensington Capital Acquisition Corp. V Company Profile

Kensington Capital Acquisition Corp. V does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Kensington Capital Acquisition Corp. V was incorporated in 2021 and is based in Westbury, New York.