Wolverine Asset Management LLC boosted its position in IB Acquisition Corp. (NASDAQ:IBAC - Free Report) by 424.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 568,287 shares of the company's stock after acquiring an additional 459,929 shares during the quarter. Wolverine Asset Management LLC owned 4.14% of IB Acquisition worth $5,754,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Rivernorth Capital Management LLC lifted its stake in shares of 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 purchasing an additional 15,270 shares in the last quarter. Periscope Capital Inc. lifted its stake in shares of IB Acquisition by 9.1% during the third quarter. Periscope Capital Inc. now owns 300,000 shares of the company's stock worth $3,000,000 after purchasing an additional 25,000 shares in the last quarter. Virtu Financial LLC lifted its stake in shares of IB Acquisition by 60.7% during the third quarter. Virtu Financial LLC now owns 92,154 shares of the company's stock worth $922,000 after purchasing an additional 34,812 shares in the last quarter. Finally, Dakota Wealth Management acquired a new position in shares of IB Acquisition during the third quarter worth about $682,000.
IB Acquisition Trading Up 0.0 %
Shares of IBAC traded up $0.01 during midday trading on Friday, reaching $10.24. 2,645 shares of the company were exchanged, compared to its average volume of 4,895. The stock has a 50-day moving average price of $10.18 and a 200-day moving average price of $10.09. IB Acquisition Corp. has a 1-year low of $9.93 and a 1-year high of $10.50.
IB Acquisition Company 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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