Karpus Management Inc. Sells 4,234 Shares of Fintech Ecosystem Development Corp. (NASDAQ:FEXD)

Karpus Management Inc. lessened its stake in shares of Fintech Ecosystem Development Corp. (NASDAQ:FEXD) by 1.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 301,813 shares of the company’s stock after selling 4,234 shares during the period. Karpus Management Inc.’s holdings in Fintech Ecosystem Development were worth $3,320,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Clear Street LLC increased its holdings in shares of Fintech Ecosystem Development by 362.7% in the 4th quarter. Clear Street LLC now owns 162,240 shares of the company’s stock valued at $1,751,000 after acquiring an additional 127,179 shares during the period. BCK Capital Management LP purchased a new stake in shares of Fintech Ecosystem Development during the fourth quarter valued at about $401,000. Finally, Periscope Capital Inc. boosted its holdings in shares of Fintech Ecosystem Development by 25.1% in the 1st quarter. Periscope Capital Inc. now owns 125,107 shares of the company’s stock valued at $1,376,000 after buying an additional 25,107 shares in the last quarter.

Fintech Ecosystem Development Price Performance

Shares of NASDAQ FEXD remained flat at $11.41 during trading hours on Thursday. 102 shares of the company traded hands, compared to its average volume of 31,506. Fintech Ecosystem Development Corp. has a 1 year low of $10.58 and a 1 year high of $12.51. The firm’s 50 day simple moving average is $11.33 and its two-hundred day simple moving average is $11.10.

About Fintech Ecosystem Development

Fintech Ecosystem Development Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies in the financial technology development sector in South Asia.