Firethorn Wealth Partners LLC Sells 4,350 Shares of Inflection Point Acquisition Corp. II (NASDAQ:IPXX)

Firethorn Wealth Partners LLC reduced its holdings in Inflection Point Acquisition Corp. II (NASDAQ:IPXX) by 22.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,120 shares of the company’s stock after selling 4,350 shares during the quarter. Firethorn Wealth Partners LLC’s holdings in Inflection Point Acquisition Corp. II were worth $158,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. HGC Investment Management Inc. bought a new position in shares of Inflection Point Acquisition Corp. II during the fourth quarter worth about $25,050,000. Schechter Investment Advisors LLC grew its holdings in shares of Inflection Point Acquisition Corp. II by 6,346.7% during the fourth quarter. Schechter Investment Advisors LLC now owns 1,988,812 shares of the company’s stock worth $20,544,000 after buying an additional 1,957,962 shares in the last quarter. Karpus Management Inc. grew its holdings in shares of Inflection Point Acquisition Corp. II by 12.3% during the fourth quarter. Karpus Management Inc. now owns 1,134,300 shares of the company’s stock worth $11,717,000 after buying an additional 124,200 shares in the last quarter. Kim LLC grew its holdings in shares of Inflection Point Acquisition Corp. II by 46.7% during the fourth quarter. Kim LLC now owns 1,100,000 shares of the company’s stock worth $11,363,000 after buying an additional 350,000 shares in the last quarter. Finally, Linden Advisors LP bought a new position in shares of Inflection Point Acquisition Corp. II during the third quarter worth about $10,210,000.

Inflection Point Acquisition Corp. II Stock Performance

NASDAQ:IPXX opened at $10.60 on Friday. Inflection Point Acquisition Corp. II has a 52-week low of $10.07 and a 52-week high of $11.00. The stock has a 50-day simple moving average of $10.54 and a 200 day simple moving average of $10.46.

Inflection Point Acquisition Corp. II Company Profile

Inflection Point Acquisition Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in New York, New York.