Integrated Wellness Acquisition (NYSE:WEL) Shares Up 0.3% – Still a Buy?

Shares of Integrated Wellness Acquisition Corp (NYSE:WEL) shot up 0.3% on Monday . The company traded as high as $11.85 and last traded at $11.85. 1,406 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 14,625 shares. The stock had previously closed at $11.82.

Integrated Wellness Acquisition Price Performance

The business’s fifty day moving average is $11.77 and its two-hundred day moving average is $11.63.

Insiders Place Their Bets

In other Integrated Wellness Acquisition news, major shareholder Wolverine Asset Management Llc sold 3,000 shares of Integrated Wellness Acquisition stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $11.77, for a total transaction of $35,310.00. Following the completion of the transaction, the insider now directly owns 423,185 shares of the company’s stock, valued at $4,980,887.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 34.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Logan Stone Capital LLC purchased a new position in Integrated Wellness Acquisition during the second quarter worth $341,000. Spartan Fund Management Inc. lifted its position in shares of Integrated Wellness Acquisition by 9.7% during the second quarter. Spartan Fund Management Inc. now owns 121,134 shares of the company’s stock worth $1,403,000 after purchasing an additional 10,728 shares during the last quarter. Finally, Berkley W R Corp lifted its position in shares of Integrated Wellness Acquisition by 50.2% during the first quarter. Berkley W R Corp now owns 297,659 shares of the company’s stock worth $3,387,000 after purchasing an additional 99,480 shares during the last quarter. 82.03% of the stock is owned by hedge funds and other institutional investors.

About Integrated Wellness Acquisition

Integrated Wellness Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities in the health, nutrition, fitness, wellness, and beauty sectors.