Virtu Financial LLC Sells 4,454 Shares of Fortune Rise Acquisition Co. (NASDAQ:FRLA)

Virtu Financial LLC trimmed its stake in Fortune Rise Acquisition Co. (NASDAQ:FRLA) by 6.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,538 shares of the company’s stock after selling 4,454 shares during the quarter. Virtu Financial LLC’s holdings in Fortune Rise Acquisition were worth $780,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wolverine Asset Management LLC boosted its position in shares of Fortune Rise Acquisition by 32.1% during the 2nd quarter. Wolverine Asset Management LLC now owns 344,113 shares of the company’s stock worth $3,871,000 after purchasing an additional 83,626 shares in the last quarter. Clear Street LLC raised its stake in Fortune Rise Acquisition by 86.1% during the 2nd quarter. Clear Street LLC now owns 251,793 shares of the company’s stock worth $2,833,000 after buying an additional 116,523 shares during the period. K2 Principal Fund L.P. boosted its holdings in Fortune Rise Acquisition by 55.0% in the second quarter. K2 Principal Fund L.P. now owns 154,990 shares of the company’s stock worth $1,744,000 after acquiring an additional 54,991 shares in the last quarter. Spartan Fund Management Inc. grew its stake in Fortune Rise Acquisition by 56.3% in the third quarter. Spartan Fund Management Inc. now owns 133,462 shares of the company’s stock valued at $1,519,000 after acquiring an additional 48,063 shares during the period. Finally, SkyView Investment Advisors LLC increased its holdings in shares of Fortune Rise Acquisition by 107.5% during the second quarter. SkyView Investment Advisors LLC now owns 83,000 shares of the company’s stock valued at $934,000 after acquiring an additional 43,000 shares in the last quarter. 52.89% of the stock is owned by institutional investors.

Fortune Rise Acquisition Price Performance

Shares of NASDAQ:FRLA opened at $11.65 on Friday. Fortune Rise Acquisition Co. has a twelve month low of $10.95 and a twelve month high of $12.00. The stock’s 50 day moving average is $11.44 and its 200-day moving average is $11.34.

Insider Buying and Selling at Fortune Rise Acquisition

In other news, major shareholder Yakira Capital Management, Inc sold 372,000 shares of Fortune Rise Acquisition stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $11.51, for a total transaction of $4,281,720.00. Following the completion of the transaction, the insider now directly owns 175,938 shares in the company, valued at $2,025,046.38. This trade represents a 67.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Fortune Rise Acquisition Company Profile

Fortune Rise Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Clearwater, Florida.