Charles Schwab Investment Management Inc. Purchases 53,607 Shares of Innovid Corp. (NYSE:CTV)

Charles Schwab Investment Management Inc. grew its stake in Innovid Corp. (NYSE:CTV) by 18.7% during the 4th quarter, HoldingsChannel reports. The firm owned 340,931 shares of the company’s stock after acquiring an additional 53,607 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Innovid were worth $1,053,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. FMR LLC grew its position in Innovid by 590.2% in the third quarter. FMR LLC now owns 15,413 shares of the company’s stock valued at $28,000 after acquiring an additional 13,180 shares during the period. Miller Investment Management LP acquired a new position in Innovid in the third quarter valued at about $36,000. SG Americas Securities LLC increased its holdings in Innovid by 24.2% during the 4th quarter. SG Americas Securities LLC now owns 45,454 shares of the company’s stock valued at $140,000 after purchasing an additional 8,849 shares in the last quarter. Barclays PLC increased its stake in shares of Innovid by 283.3% in the third quarter. Barclays PLC now owns 142,422 shares of the company’s stock valued at $256,000 after buying an additional 105,269 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Innovid in the fourth quarter worth about $325,000. 25.46% of the stock is owned by institutional investors and hedge funds.

Innovid Price Performance

CTV stock opened at $3.14 on Monday. The stock has a market capitalization of $466.21 million, a PE ratio of -34.89 and a beta of 3.25. Innovid Corp. has a fifty-two week low of $1.50 and a fifty-two week high of $3.40. The company has a 50 day moving average price of $3.13 and a 200 day moving average price of $2.66.

About Innovid

Innovid Corp. operates an independent software platform that provides ad serving, measurement, and creative services. It offers advertising services for the creation, delivery, and measurement of TV ads across connected TV, mobile TV, and desktop TV environments to advertisers, publishers, and media agencies.