Plum Acquisition Corp. IV $PLMK Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in Plum Acquisition Corp. IV (NASDAQ:PLMK) by 45.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,513 shares of the company’s stock after selling 112,487 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Plum Acquisition Corp. IV were worth $1,437,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PLMK. ABC Arbitrage SA purchased a new stake in Plum Acquisition Corp. IV during the 4th quarter valued at approximately $157,000. Moore Capital Management LP purchased a new stake in Plum Acquisition Corp. IV during the 2nd quarter valued at approximately $772,000. BCK Capital Management LP raised its stake in Plum Acquisition Corp. IV by 3.3% during the 3rd quarter. BCK Capital Management LP now owns 103,313 shares of the company’s stock valued at $1,066,000 after acquiring an additional 3,313 shares during the last quarter. Radcliffe Capital Management L.P. purchased a new stake in Plum Acquisition Corp. IV during the 2nd quarter valued at approximately $3,201,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Plum Acquisition Corp. IV during the 1st quarter valued at approximately $3,409,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Plum Acquisition Corp. IV in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Plum Acquisition Corp. IV currently has a consensus rating of “Sell”.

Plum Acquisition Corp. IV Price Performance

Shares of PLMK stock opened at $10.66 on Monday. The stock has a 50 day simple moving average of $10.60 and a 200-day simple moving average of $10.52. Plum Acquisition Corp. IV has a 12-month low of $10.25 and a 12-month high of $10.84.

Plum Acquisition Corp. IV (NASDAQ:PLMK) last issued its earnings results on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter.

About Plum Acquisition Corp. IV

Plum Acquisition Corp. IV is a special purpose acquisition company incorporated in the Cayman Islands. Trading on the Nasdaq under the ticker PLMK, the company has no operating history and was formed for the purpose of effecting one or more business combinations, such as a merger, capital stock exchange, asset acquisition or similar transaction.

The company completed its initial public offering, raising capital through the sale of units comprised of ordinary shares and warrants. The net proceeds of the offering are held in a trust account, pending the identification and consummation of a suitable business combination within the prescribed timeframe, generally 24 months from the closing date of the offering.

Although Plum Acquisition Corp.