Equity Distribution Acquisition Corp. (NYSE:EQD – Get Rating) saw an uptick in trading volume on Friday . 8,400 shares changed hands during mid-day trading, a decline of 88% from the previous session’s volume of 71,888 shares.The stock last traded at $9.93 and had previously closed at $9.94.
The firm has a 50-day moving average price of $9.91 and a 200-day moving average price of $9.87.
Institutional investors and hedge funds have recently bought and sold shares of the company. Integrity Capital Management HK Ltd purchased a new position in shares of Equity Distribution Acquisition in the 1st quarter worth about $38,000. Mariner Investment Group LLC purchased a new position in shares of Equity Distribution Acquisition in the 4th quarter worth about $100,000. Privium Fund Management UK Ltd purchased a new position in Equity Distribution Acquisition in the 1st quarter worth about $101,000. DAVENPORT & Co LLC purchased a new position in Equity Distribution Acquisition in the 1st quarter worth about $119,000. Finally, Clear Harbor Asset Management LLC raised its position in Equity Distribution Acquisition by 13.0% in the 4th quarter. Clear Harbor Asset Management LLC now owns 31,231 shares of the company’s stock worth $307,000 after buying an additional 3,600 shares during the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.
Equity Distribution Acquisition Company Profile (NYSE:EQD)
Equity Distribution Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses or entities. Equity Distribution Acquisition Corp. was incorporated in 2020 and is based in Chicago, Illinois.
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