Virtu Financial LLC Invests $97,000 in Summit Wireless Technologies, Inc. (NASDAQ:WISA)

Virtu Financial LLC purchased a new stake in Summit Wireless Technologies, Inc. (NASDAQ:WISA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 24,226 shares of the company’s stock, valued at approximately $97,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP acquired a new position in Summit Wireless Technologies in the 2nd quarter valued at about $429,000. Bank of New York Mellon Corp acquired a new position in Summit Wireless Technologies in the 1st quarter valued at about $82,000. Renaissance Technologies LLC grew its stake in Summit Wireless Technologies by 96.4% in the 1st quarter. Renaissance Technologies LLC now owns 48,502 shares of the company’s stock valued at $150,000 after buying an additional 23,802 shares during the last quarter. Citadel Advisors LLC grew its stake in Summit Wireless Technologies by 203.5% in the 2nd quarter. Citadel Advisors LLC now owns 39,391 shares of the company’s stock valued at $158,000 after buying an additional 26,410 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in Summit Wireless Technologies in the 2nd quarter valued at about $28,000. Institutional investors and hedge funds own 8.79% of the company’s stock.

Shares of NASDAQ:WISA opened at $1.92 on Thursday. The company’s 50 day moving average price is $2.60 and its two-hundred day moving average price is $3.34. Summit Wireless Technologies, Inc. has a 12-month low of $1.84 and a 12-month high of $7.06. The firm has a market cap of $30.34 million, a PE ratio of -1.57 and a beta of -0.33.

Separately, Zacks Investment Research lowered shares of Summit Wireless Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, November 16th.

Summit Wireless Technologies Profile

Summit Wireless Technologies, Inc engages in the manufacture of modules which wirelessly transmit and receive audio directly to speakers. Its products include Summit TX-SD, Summit RX-SD, TX Dev Kit, RX Dev Kit, 30 Watt Amp, and DAC board. The company was founded on July 23, 2010 and is headquartered in San Jose, CA.

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Institutional Ownership by Quarter for Summit Wireless Technologies (NASDAQ:WISA)

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