Virtu Financial LLC Has $780,000 Position in Fortune Rise Acquisition Co. (NASDAQ:FRLA)

Virtu Financial LLC reduced its holdings in Fortune Rise Acquisition Co. (NASDAQ:FRLA) by 6.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 68,538 shares of the company’s stock after selling 4,454 shares during the quarter. Virtu Financial LLC owned approximately 1.09% of Fortune Rise Acquisition worth $780,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FRLA. Clear Street LLC increased its holdings in Fortune Rise Acquisition by 86.1% in the second quarter. Clear Street LLC now owns 251,793 shares of the company’s stock valued at $2,833,000 after purchasing an additional 116,523 shares during the period. Wolverine Asset Management LLC increased its stake in shares of Fortune Rise Acquisition by 32.1% in the second quarter. Wolverine Asset Management LLC now owns 344,113 shares of the company’s stock valued at $3,871,000 after buying an additional 83,626 shares during the period. K2 Principal Fund L.P. increased its stake in shares of 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 valued at $1,744,000 after buying an additional 54,991 shares during the period. Spartan Fund Management Inc. raised its position in shares of Fortune Rise Acquisition by 172.8% during the second quarter. Spartan Fund Management Inc. now owns 85,399 shares of the company’s stock worth $961,000 after acquiring an additional 54,099 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its stake in shares of Fortune Rise Acquisition by 107.5% in the second quarter. SkyView Investment Advisors LLC now owns 83,000 shares of the company’s stock worth $934,000 after acquiring an additional 43,000 shares during the period. Institutional investors own 52.89% of the company’s stock.

Fortune Rise Acquisition Price Performance

NASDAQ:FRLA opened at $11.65 on Friday. Fortune Rise Acquisition Co. has a fifty-two week low of $10.95 and a fifty-two week high of $12.00. The company has a 50 day simple moving average of $11.44 and a two-hundred day simple moving average of $11.34.

Insider Transactions at Fortune Rise Acquisition

In other news, major shareholder Yakira Capital Management, Inc sold 372,000 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $11.51, for a total value of $4,281,720.00. Following the transaction, the insider now directly owns 175,938 shares of the company’s stock, valued at $2,025,046.38. The trade was a 67.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

Fortune Rise Acquisition 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.