GABELLI & Co INVESTMENT ADVISERS INC. Makes New Investment in JVSPAC Acquisition Corp. (NASDAQ:JVSA)

GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of JVSPAC Acquisition Corp. (NASDAQ:JVSA) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 82,400 shares of the company’s stock, valued at approximately $859,000.

Several other institutional investors have also recently made changes to their positions in the company. Gabelli Funds LLC purchased a new position in JVSPAC Acquisition during the 4th quarter valued at about $828,000. Rivernorth Capital Management LLC increased its holdings in JVSPAC Acquisition by 20.1% during the third quarter. Rivernorth Capital Management LLC now owns 246,818 shares of the company’s stock valued at $2,552,000 after buying an additional 41,318 shares during the period. Wolverine Asset Management LLC raised its stake in JVSPAC Acquisition by 21.1% in the fourth quarter. Wolverine Asset Management LLC now owns 475,206 shares of the company’s stock worth $4,952,000 after buying an additional 82,867 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its holdings in JVSPAC Acquisition by 13.0% during the fourth quarter. Mizuho Securities USA LLC now owns 562,054 shares of the company’s stock worth $5,828,000 after buying an additional 64,624 shares during the period.

JVSPAC Acquisition Trading Up 0.2 %

Shares of NASDAQ:JVSA opened at $10.76 on Tuesday. JVSPAC Acquisition Corp. has a 12-month low of $10.08 and a 12-month high of $10.78. The business’s fifty day simple moving average is $10.67 and its 200-day simple moving average is $10.50.

JVSPAC Acquisition Profile

JVSPAC Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Wan Chai, Hong Kong.