JPMorgan Chase & Co. Sells 166,634 Shares of NewHold Investment Corp. II $NHICU

JPMorgan Chase & Co. cut its stake in NewHold Investment Corp. II (OTCMKTS:NHICU) by 83.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,366 shares of the company’s stock after selling 166,634 shares during the period. JPMorgan Chase & Co.’s holdings in NewHold Investment Corp. II were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Millennium Management LLC bought a new position in shares of NewHold Investment Corp. II in the first quarter worth about $7,552,000.

NewHold Investment Corp. II Stock Up 0.4%

Shares of OTCMKTS NHICU opened at $10.60 on Wednesday. The company has a 50-day moving average of $10.71 and a two-hundred day moving average of $10.56. NewHold Investment Corp. II has a 1-year low of $10.03 and a 1-year high of $11.70.

NewHold Investment Corp. II Company Profile

NewHold Investment Corp. II is a special purpose acquisition company (SPAC) incorporated in Delaware with the primary purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. The company completed its initial public offering in September 2021, raising capital through the sale of units listed on the OTC Markets under the ticker NHICU. As a blank check company, NewHold Investment Corp. II offers investors an opportunity to participate in a search for a private target business that can benefit from access to public equity markets.

The company’s investment strategy is focused on identifying and acquiring high‐growth businesses in technology, consumer, and business services sectors, with an emphasis on companies based in or serving markets in Southeast Asia and Greater China.