TCV Acquisition (NASDAQ:TCVA) Sees Strong Trading Volume

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TCV Acquisition Corp. (NASDAQ:TCVA) saw strong trading volume on Tuesday . 5,643 shares were traded during mid-day trading, a decline of 94% from the previous session’s volume of 101,826 shares.The stock last traded at $9.90 and had previously closed at $9.83.

The firm has a 50-day moving average of $9.88.

Several institutional investors have recently modified their holdings of TCVA. Panagora Asset Management Inc. purchased a new position in shares of TCV Acquisition in the 2nd quarter worth approximately $50,000. AJ Wealth Strategies LLC purchased a new stake in TCV Acquisition during the 2nd quarter worth approximately $99,000. Royal Bank of Canada purchased a new stake in TCV Acquisition during the 2nd quarter worth approximately $99,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in TCV Acquisition during the 2nd quarter worth approximately $118,000. Finally, Gabelli Funds LLC purchased a new stake in TCV Acquisition during the 2nd quarter worth approximately $130,000. 68.15% of the stock is currently owned by hedge funds and other institutional investors.

About TCV Acquisition (NASDAQ:TCVA)

TCV Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Menlo Park, California.

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