Citadel Advisors LLC recently announced the acquisition of new stake in Acropolis Infrastructure Acquisition Corp. (NYSE:ACRO). The institutional investor has increased its shareholding in the Financial company by 1.17% to 2.71 million shares with purchase of 31250.0 shares. This fresh investment now brings its stake to 7.85% valued currently at $26.89 million. In addition, Taconic Capital Advisors LP raised its holdings by 2.59 million to 2.59 million shares.
With over 0.75 million Acropolis Infrastructure Acquisition Corp. (ACRO) shares trading Tuesday and a closing price of $10.05 on the day, the dollar volume was approximately $7.55 million. The shares have shown a positive half year performance of 4.04% and its price on 01/24/23 gained nearly 0.20%. Currently, there are 43.12M common shares owned by the public and among those 34.50M shares have been available to trade.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
The top 3 mutual fund holders in Acropolis Infrastructure Acquisition Corp. are First Trust Merger Arbitrage Fund, Calamos Market Neutral Income Fun, and Blackstone Alternative Multi Stra. First Trust Merger Arbitrage Fund owns 0.99 million shares of the company’s stock, all valued at over $9.81 million. The company bought an additional 0.99 million shares recently to bring their total holdings to about 2.86% of the shares outstanding. Blackstone Alternative Multi Stra now owns shares totaling to 1.45% of the shares outstanding.
Shares of Acropolis Infrastructure Acquisition Corp. (NYSE: ACRO) opened at $9.96, down -$0.07 from a prior closing price of $10.03. However, the script later moved the day high at 10.06, up 0.20%. The company’s stock has a 5-day price change of 0.40% and 2.34% over the past three months. ACRO shares are trading 1.01% year to date (YTD), with the 12-month market performance up to 3.61% higher. It has a 12-month low price of $9.60 and touched a high of $10.31 over the same period. ACRO has an average intraday trading volume of 73.25K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.85%, 1.45%, and 2.94% respectively.
Institutional ownership of Acropolis Infrastructure Acquisition Corp. (NYSE: ACRO) shares accounts for 88.30% of the company’s 43.12M shares outstanding. Mutual fund holders own 10.05%, while other institutional holders and individual stakeholders account for 76.39% and — respectively.
It has a market capitalization of $422.80M. The earnings-per-share (ttm) stands at -$0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.30% over the week and 0.51% over the month.
