Schechter Investment Advisors LLC decreased its stake in IB Acquisition Corp. (NASDAQ:IBAC - Free Report) by 36.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 305,374 shares of the company's stock after selling 173,667 shares during the period. Schechter Investment Advisors LLC owned 2.22% of IB Acquisition worth $3,092,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. 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 purchasing an additional 34,812 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of IB Acquisition in the 3rd quarter valued at $1,084,000. Rivernorth Capital Management LLC raised its stake in IB Acquisition by 11.3% during the third quarter. Rivernorth Capital Management LLC now owns 150,000 shares of the company's stock worth $1,500,000 after buying an additional 15,270 shares during the last quarter. Finally, Periscope Capital Inc. lifted its holdings in IB Acquisition by 9.1% in the third quarter. Periscope Capital Inc. now owns 300,000 shares of the company's stock valued at $3,000,000 after buying an additional 25,000 shares during the period.
IB Acquisition Price Performance
IBAC stock traded down $0.01 during midday trading on Thursday, hitting $10.27. The stock had a trading volume of 23,093 shares, compared to its average volume of 61,129. The business has a fifty day moving average price of $10.20 and a two-hundred day moving average price of $10.10. IB Acquisition Corp. has a 1-year low of $9.93 and a 1-year high of $10.50.
IB Acquisition Profile
(
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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