Broad Capital Acquisition Corp. (NASDAQ:BRAC) Stake Lessened by Wolverine Asset Management LLC

Wolverine Asset Management LLC lowered its holdings in Broad Capital Acquisition Corp. (NASDAQ:BRAC) by 16.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,754 shares of the company’s stock after selling 14,191 shares during the period. Wolverine Asset Management LLC owned approximately 2.33% of Broad Capital Acquisition worth $821,000 as of its most recent SEC filing.

Broad Capital Acquisition Stock Performance

BRAC opened at $11.70 on Friday. The stock has a fifty day moving average of $11.76 and a 200-day moving average of $11.58. Broad Capital Acquisition Corp. has a 12-month low of $11.19 and a 12-month high of $13.59.

Broad Capital Acquisition Profile

Broad Capital Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Dallas, Texas.