Investing

Cayman Islands Fund CVI Investments Takes Large Position in Quanergy Systems (QNGY)

Fintel reports CVI Investments, Inc. has filed a 13G form with the SEC disclosing ownership of 1,250,000 shares of Quanergy Systems Inc (QNGY). This represents 7.7% of the company.

What are other large shareholders doing?

VEXMX – Vanguard Extended Market Index Fund Investor Shares holds 675,700 shares representing 4.18% ownership of the company. No change in the last quarter.

Vanguard Group Inc holds 675,700 shares representing 4.18% ownership of the company. No change in the last quarter.

BlackRock Inc. holds 482,532 shares representing 2.99% ownership of the company. In it’s prior filing, the firm reported owning 439,492 shares, representing an increase of 8.92%. The firm decreased its portfolio allocation in QNGY by 70.86% over the last quarter.

Millennium Management Llc holds 213,417 shares representing 1.32% ownership of the company. In it’s prior filing, the firm reported owning 228,135 shares, representing a decrease of 6.90%. The firm decreased its portfolio allocation in QNGY by 75.48% over the last quarter.

Geode Capital Management, Llc holds 188,325 shares representing 1.17% ownership of the company. In it’s prior filing, the firm reported owning 76,393 shares, representing an increase of 59.44%. The firm decreased its portfolio allocation in QNGY by 35.45% over the last quarter.

What is the overall institutional sentiment?

There are 57 funds or institutions reporting positions in Quanergy Systems Inc. This is an increase of 7 owner(s) or 14.00%.

Average portfolio weight of all funds dedicated to Quanergy Systems Inc is 0.0038%, an increase of 11.5456%. Total shares owned by institutions increased in the last three months by 25.66% to 3,022,505 shares.

Based on this information, institutional sentiment is bullish.

This article originally appeared on Fintel

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.