Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Shares Sold by Karpus Management Inc.

Karpus Management Inc. decreased its position in Inflection Point Acquisition Corp. II (NASDAQ:IPXX) by 59.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 458,723 shares of the company’s stock after selling 675,577 shares during the quarter. Karpus Management Inc. owned 1.47% of Inflection Point Acquisition Corp. II worth $4,801,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bulldog Investors LLP raised its holdings in Inflection Point Acquisition Corp. II by 290.5% during the fourth quarter. Bulldog Investors LLP now owns 567,297 shares of the company’s stock worth $5,860,000 after purchasing an additional 422,021 shares in the last quarter. Kim LLC raised its holdings in Inflection Point Acquisition Corp. II by 46.7% during the fourth quarter. Kim LLC now owns 1,100,000 shares of the company’s stock worth $11,363,000 after purchasing an additional 350,000 shares in the last quarter. Evercore Wealth Management LLC acquired a new stake in Inflection Point Acquisition Corp. II during the fourth quarter worth approximately $347,000. Schechter Investment Advisors LLC raised its stake in shares of Inflection Point Acquisition Corp. II by 6,346.7% during the 4th quarter. Schechter Investment Advisors LLC now owns 1,988,812 shares of the company’s stock worth $20,544,000 after buying an additional 1,957,962 shares during the last quarter. Finally, Alberta Investment Management Corp acquired a new position in shares of Inflection Point Acquisition Corp. II during the 4th quarter worth $2,582,000.

Inflection Point Acquisition Corp. II Price Performance

Shares of NASDAQ:IPXX remained flat at $10.66 during midday trading on Thursday. The stock had a trading volume of 39 shares, compared to its average volume of 38,958. Inflection Point Acquisition Corp. II has a fifty-two week low of $10.10 and a fifty-two week high of $11.00. The firm has a fifty day simple moving average of $10.58 and a 200 day simple moving average of $10.50.

Inflection Point Acquisition Corp. II Profile

Inflection Point Acquisition Corp. II 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. The company was incorporated in 2023 and is based in New York, New York.