Periscope Capital Inc. lessened its holdings in IB Acquisition Corp. (NASDAQ:IBAC - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 275,000 shares of the company's stock after selling 25,000 shares during the quarter. IB Acquisition comprises 1.6% of Periscope Capital Inc.'s portfolio, making the stock its 18th largest position. Periscope Capital Inc. owned approximately 2.00% of IB Acquisition worth $2,784,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Virtu Financial LLC increased its position in IB Acquisition by 60.7% during the 3rd quarter. Virtu Financial LLC now owns 92,154 shares of the company's stock valued at $922,000 after buying an additional 34,812 shares in the last quarter. Rivernorth Capital Management LLC grew its stake in shares of IB Acquisition by 11.3% in the third quarter. Rivernorth Capital Management LLC now owns 150,000 shares of the company's stock worth $1,500,000 after acquiring an additional 15,270 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in shares of IB Acquisition by 424.5% during the fourth quarter. Wolverine Asset Management LLC now owns 568,287 shares of the company's stock valued at $5,754,000 after acquiring an additional 459,929 shares in the last quarter.
IB Acquisition Stock Performance
IB Acquisition stock traded up $0.01 during mid-day trading on Friday, reaching $10.31. The stock had a trading volume of 2,180 shares, compared to its average volume of 58,471. IB Acquisition Corp. has a one year low of $9.93 and a one year high of $10.50. The company has a 50-day moving average price of $10.24 and a two-hundred day moving average price of $10.12.
About IB Acquisition
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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.
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