Wolverine Asset Management LLC Takes $1.08 Million Position in IB Acquisition Corp. (NASDAQ:IBAC)

Wolverine Asset Management LLC bought a new stake in shares of IB Acquisition Corp. (NASDAQ:IBAC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 108,358 shares of the company's stock, valued at approximately $1,084,000. Wolverine Asset Management LLC owned approximately 0.79% of IB Acquisition as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of IBAC. Berkley W R Corp bought a new stake in shares of IB Acquisition during the second quarter valued at approximately $246,000. Condor Capital Management bought a new stake in IB Acquisition in the 2nd quarter valued at $422,000. Dakota Wealth Management purchased a new stake in IB Acquisition in the 3rd quarter worth $682,000. SkyView Investment Advisors LLC bought a new position in shares of IB Acquisition during the 2nd quarter valued at about $748,000. Finally, Clear Street LLC purchased a new position in shares of IB Acquisition during the second quarter valued at about $1,395,000.

IB Acquisition Price Performance

Shares of IBAC stock remained flat at $10.08 during trading hours on Wednesday. The stock had a trading volume of 20,709 shares, compared to its average volume of 74,120. The stock has a 50 day simple moving average of $10.03. IB Acquisition Corp. has a 1 year low of $9.93 and a 1 year high of $10.26.

About IB Acquisition

IB Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. IB Acquisition Corp. is based in Boca Raton, Florida.