Covestor Ltd Increases Position in Innovid Corp. (NYSE:CTV)

Covestor Ltd boosted its holdings in Innovid Corp. (NYSE:CTV) by 158,983.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,545 shares of the company’s stock after purchasing an additional 9,539 shares during the period. Covestor Ltd’s holdings in Innovid were worth $29,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CTV. Magnetar Financial LLC purchased a new position in shares of Innovid during the 4th quarter valued at approximately $14,610,000. Gardner Lewis Asset Management L P bought a new position in Innovid during the 4th quarter valued at $2,809,000. ABC Arbitrage SA acquired a new position in Innovid during the 4th quarter worth $1,876,000. Vanguard Group Inc. increased its position in shares of Innovid by 10.7% in the 4th quarter. Vanguard Group Inc. now owns 6,295,517 shares of the company’s stock worth $19,453,000 after purchasing an additional 606,459 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Innovid in the 4th quarter valued at about $1,615,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

Innovid Stock Performance

NYSE:CTV opened at $3.14 on Wednesday. The company has a market capitalization of $466.21 million, a price-to-earnings ratio of -34.89 and a beta of 3.25. Innovid Corp. has a one year low of $1.50 and a one year high of $3.40. The stock has a 50-day simple moving average of $3.14 and a 200 day simple moving average of $2.77.

About Innovid

Innovid Corp. operates an independent software platform that provides ad serving, measurement, and creative services. It offers advertising services for the creation, delivery, and measurement of TV ads across connected TV, mobile TV, and desktop TV environments to advertisers, publishers, and media agencies.