Keen Vision Acquisition (NASDAQ:KVAC) Trading Up 0.1% – Should You Buy?

Keen Vision Acquisition Co. (NASDAQ:KVAC)’s share price shot up 0.1% during mid-day trading on Friday . The company traded as high as $11.02 and last traded at $11.02. 106 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 50,234 shares. The stock had previously closed at $11.00.

Keen Vision Acquisition Stock Performance

The company has a 50 day simple moving average of $10.93 and a 200 day simple moving average of $10.79.

Institutional Investors Weigh In On Keen Vision Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Keen Vision Acquisition during the third quarter valued at about $4,136,000. Berkley W R Corp boosted its position in Keen Vision Acquisition by 97.4% during the 2nd quarter. Berkley W R Corp now owns 952,209 shares of the company’s stock worth $10,093,000 after buying an additional 469,903 shares during the period. Wolverine Asset Management LLC increased its position in Keen Vision Acquisition by 34.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 885,388 shares of the company’s stock valued at $9,527,000 after acquiring an additional 225,839 shares during the period. Mizuho Securities USA LLC raised its stake in shares of Keen Vision Acquisition by 2,258.7% during the third quarter. Mizuho Securities USA LLC now owns 1,353,000 shares of the company’s stock valued at $14,491,000 after acquiring an additional 1,295,637 shares during the last quarter. Finally, Dakota Wealth Management raised its stake in shares of Keen Vision Acquisition by 40.2% during the third quarter. Dakota Wealth Management now owns 43,600 shares of the company’s stock valued at $469,000 after acquiring an additional 12,500 shares during the last quarter. Institutional investors own 51.72% of the company’s stock.

About Keen Vision Acquisition

Keen Vision Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, and related business combination with one or more businesses or entities. It also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.