Schechter Investment Advisors LLC Sells 139,954 Shares of GP-Act III Acquisition Corp. (NASDAQ:GPAT)

Schechter Investment Advisors LLC trimmed its stake in shares of GP-Act III Acquisition Corp. (NASDAQ:GPAT) by 13.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 939,591 shares of the company’s stock after selling 139,954 shares during the period. GP-Act III Acquisition accounts for 0.7% of Schechter Investment Advisors LLC’s portfolio, making the stock its 26th largest holding. Schechter Investment Advisors LLC’s holdings in GP-Act III Acquisition were worth $9,527,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. HGC Investment Management Inc. purchased a new position in shares of GP-Act III Acquisition in the 3rd quarter worth approximately $24,948,000. Polar Asset Management Partners Inc. purchased a new position in GP-Act III Acquisition during the third quarter worth $16,884,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in GP-Act III Acquisition during the third quarter valued at $13,099,000. Westchester Capital Management LLC purchased a new stake in shares of GP-Act III Acquisition in the third quarter valued at $5,533,000. Finally, Rivernorth Capital Management LLC bought a new stake in shares of GP-Act III Acquisition in the 3rd quarter worth about $4,548,000.

GP-Act III Acquisition Trading Down 0.3 %

Shares of NASDAQ GPAT opened at $10.27 on Monday. GP-Act III Acquisition Corp. has a fifty-two week low of $9.98 and a fifty-two week high of $10.30. The business’s 50 day moving average price is $10.21 and its 200-day moving average price is $10.12.

GP-Act III Acquisition Profile

GP-Act III Acquisition Corp. operates as a blank check company, which was created 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 November 23, 2020 and is headquartered in New York, NY.