Crossingbridge Advisors LLC raised its position in IB Acquisition Corp. (NASDAQ:IBAC – Free Report) by 23.7% during the fourth quarter, HoldingsChannel reports. The firm owned 455,320 shares of the company’s stock after purchasing an additional 87,100 shares during the period. IB Acquisition comprises 1.5% of Crossingbridge Advisors LLC’s holdings, making the stock its 12th biggest position. Crossingbridge Advisors LLC’s holdings in IB Acquisition were worth $4,612,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Virtu Financial LLC lifted its stake in shares of IB Acquisition by 60.7% in the third quarter. Virtu Financial LLC now owns 92,154 shares of the company’s stock worth $922,000 after buying an additional 34,812 shares in the last quarter. Rivernorth Capital Management LLC grew its stake in 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 acquiring an additional 15,270 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its stake in IB Acquisition by 424.5% in the 4th quarter. Wolverine Asset Management LLC now owns 568,287 shares of the company’s stock worth $5,754,000 after purchasing an additional 459,929 shares in the last quarter.
IB Acquisition Stock Performance
Shares of IB Acquisition stock opened at $10.36 on Friday. The stock’s 50 day simple moving average is $10.31 and its 200-day simple moving average is $10.19. IB Acquisition Corp. has a 1-year low of $9.93 and a 1-year high of $10.50.
About IB Acquisition
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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