2,351,800 Shares in 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 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,351,800 shares of the company’s stock, valued at approximately $14,581,000. Quantum FinTech Acquisition accounts for about 16.2% of Cable Car Capital LLC’s investment portfolio, making the stock its largest position. Cable Car Capital LLC owned approximately 23.33% of Quantum FinTech Acquisition at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Meteora Capital LLC grew 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 worth $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 approximately $85,000. Finally, Clear Street LLC boosted its holdings in Quantum FinTech Acquisition by 37,291.6% in the fourth quarter. Clear Street LLC now owns 66,557 shares of the company’s stock worth $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.
Quantum FinTech Acquisition Trading Down 5.0 %
Shares of NYSE:QFTA opened at $1.13 on Friday. The business’s 50 day simple moving average is $1.32 and its 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 Quantum FinTech Acquisition
Quantum FinTech Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Tampa, Florida.
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