Crossingbridge Advisors LLC Takes Position in AlphaVest Acquisition Corp (NASDAQ:ATMV)

Crossingbridge Advisors LLC acquired a new position in shares of AlphaVest Acquisition Corp (NASDAQ:ATMV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 276,994 shares of the company’s stock, valued at approximately $3,087,000. AlphaVest Acquisition makes up about 2.4% of Crossingbridge Advisors LLC’s investment portfolio, making the stock its 13th largest position.

Several other large investors have also added to or reduced their stakes in the stock. Cowen AND Company LLC lifted its holdings in shares of AlphaVest Acquisition by 68.8% in the second quarter. Cowen AND Company LLC now owns 278,202 shares of the company’s stock worth $3,069,000 after buying an additional 113,410 shares in the last quarter. Spartan Fund Management Inc. bought a new stake in AlphaVest Acquisition during the 3rd quarter worth approximately $546,000. Finally, Mizuho Securities USA LLC lifted its stake in AlphaVest Acquisition by 108.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 560,368 shares of the company’s stock worth $6,220,000 after purchasing an additional 291,908 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

AlphaVest Acquisition Stock Performance

ATMV opened at $11.25 on Tuesday. AlphaVest Acquisition Corp has a one year low of $10.64 and a one year high of $11.25. The company has a fifty day moving average price of $11.19 and a 200-day moving average price of $11.11.

About AlphaVest Acquisition

AlphaVest Acquisition Corp does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2022 and is based in New York, New York.