Wolverine Asset Management LLC reduced its stake in shares of SVF Investment Corp. (NASDAQ:SVFA – Get Rating) by 81.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,476 shares of the company’s stock after selling 37,874 shares during the quarter. Wolverine Asset Management LLC’s holdings in SVF Investment were worth $85,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of SVFA. Morgan Stanley boosted its stake in shares of SVF Investment by 259.6% during the second quarter. Morgan Stanley now owns 6,814 shares of the company’s stock valued at $67,000 after purchasing an additional 4,919 shares during the period. Deutsche Bank AG lifted its stake in SVF Investment by 28.1% in the third quarter. Deutsche Bank AG now owns 227,857 shares of the company’s stock worth $2,223,000 after acquiring an additional 50,000 shares during the period. Magnetar Financial LLC lifted its stake in SVF Investment by 15.2% in the third quarter. Magnetar Financial LLC now owns 77,516 shares of the company’s stock worth $757,000 after acquiring an additional 10,246 shares during the period. Security Benefit Life Insurance Co. KS purchased a new stake in SVF Investment in the third quarter worth about $2,440,000. Finally, Hsbc Holdings PLC purchased a new stake in SVF Investment in the third quarter worth about $7,472,000. 53.99% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:SVFA opened at $9.80 on Friday. SVF Investment Corp. has a 1-year low of $9.67 and a 1-year high of $10.88. The company has a 50-day moving average of $9.82 and a 200 day moving average of $9.91.
SVF Investment 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 incorporated in 2020 and is based in San Carlos, California.
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