HighTower Advisors LLC raised its position in Qell Acquisition Corp. (NASDAQ:QELL) by 36.7% during the first quarter, Holdings Channel.com reports. The firm owned 117,598 shares of the company’s stock after buying an additional 31,544 shares during the period. HighTower Advisors LLC’s holdings in Qell Acquisition were worth $1,200,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in QELL. Magnetar Financial LLC acquired a new position in shares of Qell Acquisition in the fourth quarter valued at approximately $11,983,000. Periscope Capital Inc. acquired a new position in Qell Acquisition in the 4th quarter valued at $7,263,000. Sculptor Capital LP acquired a new position in Qell Acquisition in the 4th quarter valued at $3,558,000. Radcliffe Capital Management L.P. purchased a new position in shares of Qell Acquisition during the 4th quarter worth $2,938,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of Qell Acquisition during the fourth quarter worth $2,458,000. 45.78% of the stock is currently owned by institutional investors.
Qell Acquisition stock opened at $9.95 on Friday. The firm has a fifty day simple moving average of $9.95. Qell Acquisition Corp. has a 52 week low of $9.76 and a 52 week high of $15.53.
Qell Acquisition Corp. 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 founded in in 2020 and is based in San Francisco, California.
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