Insider Buying: Robinhood Ventures Fund II (Closed End) (NYSE:RVII) Director Acquires $26,625.00 in Stock

Robinhood Ventures Fund II (Closed End) (NYSE:RVII) Director Meredith Whitney purchased 1,500 shares of the company’s stock in a transaction on Friday, October 23rd. The stock was bought at an average cost of $17.75 per share, for a total transaction of $26,625.00. Following the acquisition, the director directly owned 1,500 shares of the company’s stock, valued at $26,625. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Robinhood Ventures Fund II (Closed End) Stock Performance

Shares of NYSE:RVII traded up $0.25 on Monday, reaching $18.09. 127,062 shares of the company traded hands, compared to its average volume of 211,718. Robinhood Ventures Fund II has a fifty-two week low of $17.50 and a fifty-two week high of $25.24. The firm has a 50 day simple moving average of $22.10.

Robinhood Ventures Fund II is a closed-end investment fund listed on the New York Stock Exchange under the symbol RVII. The fund is designed to provide investors with access to venture-capital-style investments through a publicly traded vehicle.

The fund primarily invests in private or otherwise non-public companies and related securities. Its portfolio may include equity and other investment interests in businesses across a range of industries and geographies, with the objective of offering exposure to companies that may be difficult for individual investors to access directly.

As a closed-end fund, Robinhood Ventures Fund II operates with a fixed pool of capital and its shares trade on an exchange.