Berkley W R Corp Buys New Stake in Ares Acquisition Co. (NYSE:AAC)

Berkley W R Corp bought a new stake in Ares Acquisition Co. (NYSE:AAC) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 24,560 shares of the company’s stock, valued at approximately $243,000. Berkley W R Corp owned approximately 0.09% of Ares Acquisition as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of AAC. Oxinas Partners Wealth Management LLC bought a new stake in Ares Acquisition in the first quarter worth $110,000. Levin Capital Strategies L.P. bought a new stake in Ares Acquisition in the first quarter worth $198,000. Sanders Morris Harris LLC bought a new stake in Ares Acquisition in the first quarter worth $345,000. Lee Capital Holdings LLC bought a new stake in Ares Acquisition in the first quarter worth $700,000. Finally, Pentwater Capital Management LP bought a new stake in Ares Acquisition in the first quarter worth $2,500,000. 19.13% of the stock is owned by hedge funds and other institutional investors.

Shares of AAC opened at $9.76 on Thursday. Ares Acquisition Co. has a 52-week low of $9.50 and a 52-week high of $10.00. The stock has a fifty day moving average of $9.78.

Ares Acquisition Company Profile

Ares Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in New York, New York.

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Institutional Ownership by Quarter for Ares Acquisition (NYSE:AAC)

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