Berkley W R Corp Increases Stake in TMT Acquisition Corp (NASDAQ:TMTC)

Berkley W R Corp raised its stake in TMT Acquisition Corp (NASDAQ:TMTC) by 1,292.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 341,870 shares of the company’s stock after buying an additional 317,321 shares during the quarter. Berkley W R Corp’s holdings in TMT Acquisition were worth $3,656,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sandia Investment Management LP acquired a new stake in shares of TMT Acquisition during the first quarter worth about $1,336,000. K2 Principal Fund L.P. purchased a new stake in shares of TMT Acquisition during the first quarter worth approximately $1,158,000. Mizuho Securities USA LLC boosted its stake in TMT Acquisition by 354.4% during the first quarter. Mizuho Securities USA LLC now owns 258,917 shares of the company’s stock worth $2,752,000 after buying an additional 201,931 shares during the last quarter. Bulldog Investors LLP boosted its stake in TMT Acquisition by 19.0% during the fourth quarter. Bulldog Investors LLP now owns 118,291 shares of the company’s stock worth $1,242,000 after buying an additional 18,914 shares during the last quarter. Finally, ADAR1 Capital Management LLC acquired a new position in shares of TMT Acquisition in the 4th quarter valued at $530,000. Institutional investors and hedge funds own 88.31% of the company’s stock.

TMT Acquisition Price Performance

TMTC traded up $0.02 during mid-day trading on Monday, hitting $11.09. 1,866 shares of the stock were exchanged, compared to its average volume of 40,013. The firm’s fifty day moving average is $10.98 and its two-hundred day moving average is $10.82. TMT Acquisition Corp has a 1-year low of $10.31 and a 1-year high of $11.09.

TMT Acquisition Profile

TMT Acquisition Corp does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.