Wolverine Asset Management LLC lifted its stake in shares of Ares Acquisition Co. II (NYSE:AACT – Free Report) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 808,594 shares of the company’s stock after buying an additional 121,655 shares during the period. Wolverine Asset Management LLC owned about 1.29% of Ares Acquisition Co. II worth $8,878,000 as of its most recent SEC filing.
Separately, FNY Investment Advisers LLC acquired a new stake in Ares Acquisition Co. II in the fourth quarter valued at $1,110,000. 72.95% of the stock is owned by institutional investors and hedge funds.
Ares Acquisition Co. II Stock Performance
NYSE AACT opened at $11.05 on Friday. Ares Acquisition Co. II has a twelve month low of $10.48 and a twelve month high of $11.07. The stock has a fifty day simple moving average of $10.99 and a 200 day simple moving average of $10.89.
Ares Acquisition Co. II Profile
Ares Acquisition Corp. II is a blank check company which engages in effecting a merger, share exchange, asset acquisition, share purchase, and reorganization or similar business combination. The company was founded on March 15, 2021 and is headquartered in New York, NY.
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