Virtu Financial LLC Makes New $97,000 Investment in Summit Wireless Technologies, Inc. (NASDAQ:WISA)

Virtu Financial LLC purchased a new position in shares of Summit Wireless Technologies, Inc. (NASDAQ:WISA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,226 shares of the company’s stock, valued at approximately $97,000. Virtu Financial LLC owned 0.16% of Summit Wireless Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Summit Wireless Technologies by 251.5% during the second quarter. Vanguard Group Inc. now owns 388,308 shares of the company’s stock worth $1,557,000 after purchasing an additional 277,843 shares during the period. Morgan Stanley bought a new position in shares of Summit Wireless Technologies in the second quarter valued at approximately $606,000. Renaissance Technologies LLC raised its stake in shares of Summit Wireless Technologies by 133.4% in the second quarter. Renaissance Technologies LLC now owns 113,200 shares of the company’s stock valued at $454,000 after acquiring an additional 64,698 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Summit Wireless Technologies in the second quarter valued at approximately $429,000. Finally, Geode Capital Management LLC raised its stake in shares of Summit Wireless Technologies by 22.0% in the first quarter. Geode Capital Management LLC now owns 105,950 shares of the company’s stock valued at $327,000 after acquiring an additional 19,088 shares during the last quarter. Hedge funds and other institutional investors own 8.79% of the company’s stock.

Shares of Summit Wireless Technologies stock opened at $1.92 on Thursday. The firm has a market cap of $30.34 million, a P/E ratio of -1.57 and a beta of -0.33. The firm has a 50 day simple moving average of $2.60 and a 200 day simple moving average of $3.34. Summit Wireless Technologies, Inc. has a fifty-two week low of $1.84 and a fifty-two week high of $7.06.

Separately, Zacks Investment Research cut shares of Summit Wireless Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, November 16th.

Summit Wireless Technologies Company Profile

Summit Wireless Technologies, Inc engages in the manufacture of modules which wirelessly transmit and receive audio directly to speakers. Its products include Summit TX-SD, Summit RX-SD, TX Dev Kit, RX Dev Kit, 30 Watt Amp, and DAC board. The company was founded on July 23, 2010 and is headquartered in San Jose, CA.

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Institutional Ownership by Quarter for Summit Wireless Technologies (NASDAQ:WISA)

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