Karpus Management Inc. Trims Position in Burtech Acquisition Corp. (NASDAQ:BRKH)

Karpus Management Inc. cut its holdings in shares of Burtech Acquisition Corp. (NASDAQ:BRKH) by 44.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 497,485 shares of the company’s stock after selling 403,125 shares during the quarter. Karpus Management Inc. owned 2.85% of Burtech Acquisition worth $5,328,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BRKH. Wolverine Asset Management LLC purchased a new position in Burtech Acquisition during the 4th quarter worth approximately $26,000. Spartan Fund Management Inc. purchased a new position in Burtech Acquisition during the 4th quarter worth approximately $218,000. Radcliffe Capital Management L.P. raised its position in Burtech Acquisition by 8.1% during the 3rd quarter. Radcliffe Capital Management L.P. now owns 163,373 shares of the company’s stock worth $1,728,000 after buying an additional 12,273 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its position in Burtech Acquisition by 14.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 458,561 shares of the company’s stock worth $4,769,000 after buying an additional 58,561 shares during the last quarter. 97.12% of the stock is owned by hedge funds and other institutional investors.

Burtech Acquisition Price Performance

BRKH opened at $11.15 on Friday. The firm has a 50 day moving average of $11.08 and a two-hundred day moving average of $10.90. Burtech Acquisition Corp. has a 12-month low of $10.30 and a 12-month high of $11.24.

Burtech Acquisition Profile

Burtech Acquisition Corp. does not have significant operations. The company focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire a business, which operates in the retail, lifestyle, hospitality, technology, and real estate markets.