Mizuho Securities USA LLC Buys New Holdings in Ares Acquisition Co. II (NYSE:AACT)

Mizuho Securities USA LLC bought a new stake in shares of Ares Acquisition Co. II (NYSE:AACT) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 323,950 shares of the company’s stock, valued at approximately $3,534,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wolverine Asset Management LLC raised its stake in Ares Acquisition Co. II by 17.7% during the 4th quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company’s stock valued at $8,878,000 after purchasing an additional 121,655 shares during the period. Decagon Asset Management LLP bought a new stake in Ares Acquisition Co. II during the 4th quarter valued at approximately $4,089,000. FNY Investment Advisers LLC bought a new stake in Ares Acquisition Co. II during the 4th quarter valued at approximately $1,110,000. Finally, Virtu Financial LLC raised its stake in Ares Acquisition Co. II by 4.2% during the 4th quarter. Virtu Financial LLC now owns 22,710 shares of the company’s stock valued at $249,000 after purchasing an additional 914 shares during the period. Institutional investors own 72.95% of the company’s stock.

Ares Acquisition Co. II Price Performance

Shares of AACT opened at $11.19 on Monday. Ares Acquisition Co. II has a 12-month low of $10.56 and a 12-month high of $11.20. The business’s 50 day moving average is $11.06 and its 200 day moving average is $10.94.

Ares Acquisition Co. II Profile

Ares Acquisition Corp. II is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on March 15, 2021 and is headquartered in New York, NY.