GP-Act III Acquisition Corp. (NASDAQ:GPATU) Shares Sold by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC lessened its position in GP-Act III Acquisition Corp. (NASDAQ:GPATU) by 96.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,748 shares of the company’s stock after selling 433,452 shares during the period. Rivernorth Capital Management LLC’s holdings in GP-Act III Acquisition were worth $181,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. TrueMark Investments LLC purchased a new stake in shares of GP-Act III Acquisition during the 2nd quarter valued at $178,000. Picton Mahoney Asset Management purchased a new stake in GP-Act III Acquisition during the second quarter valued at about $18,807,000. Cowen AND Company LLC purchased a new position in shares of GP-Act III Acquisition in the 2nd quarter worth about $11,890,000. Condor Capital Management acquired a new position in shares of GP-Act III Acquisition in the 2nd quarter valued at about $196,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of GP-Act III Acquisition during the 2nd quarter worth about $100,000.

GP-Act III Acquisition Stock Down 0.1 %

Shares of NASDAQ GPATU opened at $10.18 on Friday. GP-Act III Acquisition Corp. has a 1-year low of $10.02 and a 1-year high of $11.99. The business has a 50-day moving average of $10.19 and a 200-day moving average of $10.13.

GP-Act III Acquisition Profile

GP-Act III Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as GP Investments Acquisition Corp. II and changed its name to GP-Act III Acquisition Corp.