IB Acquisition Corp. (NASDAQ:IBAC - Get Free Report) shares traded up 1.1% on Monday . The company traded as high as $10.46 and last traded at $10.46. 1,803 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 57,292 shares. The stock had previously closed at $10.35.
IB Acquisition Trading Up 0.3 %
The company's fifty day moving average price is $10.30 and its 200-day moving average price is $10.17.
Hedge Funds Weigh In On IB Acquisition
Large investors have recently modified their holdings of the stock. Wolverine Asset Management LLC raised its holdings in IB Acquisition by 424.5% in the fourth quarter. Wolverine Asset Management LLC now owns 568,287 shares of the company's stock worth $5,754,000 after buying an additional 459,929 shares during the last quarter. Rivernorth Capital Management LLC lifted its position in IB Acquisition by 11.3% in the 3rd quarter. Rivernorth Capital Management LLC now owns 150,000 shares of the company's stock valued at $1,500,000 after acquiring an additional 15,270 shares in the last quarter. Virtu Financial LLC boosted its stake in IB Acquisition by 14.5% during the 4th quarter. Virtu Financial LLC now owns 105,524 shares of the company's stock valued at $1,069,000 after purchasing an additional 13,370 shares during the last quarter. Toronto Dominion Bank bought a new stake in shares of IB Acquisition in the 4th quarter worth $7,507,000. Finally, Berkley W R Corp raised its stake in shares of IB Acquisition by 705.7% in the fourth quarter. Berkley W R Corp now owns 198,675 shares of the company's stock worth $2,012,000 after purchasing an additional 174,016 shares during the last quarter.
About IB Acquisition
(
Get Free Report)
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.
Further Reading
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