Fintech
2,351,800 shares of Quantum FinTech Acquisition Co. (NYSE:QFTA) acquired by Cable Car Capital LLC
Cable Car Capital LLC bought a new position in shares of Quantum FinTech Acquisition Co. (NYSE: QFTA – Free report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,351,800 shares of the company’s stock, valued at approximately $14,581,000. Quantum FinTech Acquisition represents approximately 16.2% of Cable Car Capital LLC’s investment portfolio, making the stock its largest holding. Cable Car Capital LLC owned approximately 23.33% of Quantum FinTech Acquisition at the end of the last quarter.
Many other large investors have also increased or reduced their stakes in the company. Meteora Capital LLC raised its stake in Quantum FinTech Acquisition by 2.8% during the third quarter. Meteora Capital LLC now owns 321,141 shares of the company’s stock valued at $3,420,000 after purchasing an additional 8,827 shares during the period. TrueMark Investments LLC bought a new position in Quantum FinTech Acquisition in the fourth quarter worth about $85,000. Finally, Clear Street LLC increased its holdings in Quantum FinTech Acquisition by 37,291.6% in the 4th quarter. Clear Street LLC now owns 66,557 shares of the company’s stock valued at $413,000 after acquiring an additional 66,379 shares in the last quarter. Institutional investors and hedge funds own 30.51% of the company’s stock.
Fintech quantum acquisition down 5.0%
Shares of NYSE: QFTA it opened at $1.13 on Friday. The company’s 50 day simple moving average is $1.32 and two hundred day simple moving average is $4.05. Quantum FinTech Acquisition Co. has a 52-week low of $5.97 and a 52-week high of $11.90.
About the Quantum FinTech acquisition
Quantum FinTech Acquisition Corporation has no significant operations. You intend to effect a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The company was formed in 2020 and is headquartered in Tampa, Florida.
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