Periscope Capital Inc. decreased its stake in shares of IB Acquisition Corp. (NASDAQ:IBAC – Free Report) by 8.3% during the fourth quarter, HoldingsChannel reports. The firm owned 275,000 shares of the company’s stock after selling 25,000 shares during the quarter. IB Acquisition accounts for approximately 1.6% of Periscope Capital Inc.’s holdings, making the stock its 18th biggest position. Periscope Capital Inc.’s holdings in IB Acquisition were worth $2,784,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Wolverine Asset Management LLC boosted its stake in shares of IB Acquisition by 424.5% during the 4th quarter. Wolverine Asset Management LLC now owns 568,287 shares of the company’s stock valued at $5,754,000 after purchasing an additional 459,929 shares in the last quarter. Rivernorth Capital Management LLC boosted its stake in shares of IB Acquisition by 11.3% during the 3rd quarter. Rivernorth Capital Management LLC now owns 150,000 shares of the company’s stock valued at $1,500,000 after purchasing an additional 15,270 shares in the last quarter. Finally, Virtu Financial LLC boosted its stake in shares of 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 in the last quarter.
IB Acquisition Stock Up 0.0 %
Shares of IBAC opened at $10.30 on Monday. The firm’s 50-day moving average price is $10.23 and its 200-day moving average price is $10.12. IB Acquisition Corp. has a 1-year low of $9.93 and a 1-year high of $10.50.
IB Acquisition Company Profile
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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