Bulldog Investors LLP lessened its holdings in shares of IB Acquisition Corp. (NASDAQ:IBAC - Free Report) by 56.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,866 shares of the company's stock after selling 241,390 shares during the period. Bulldog Investors LLP owned about 1.38% of IB Acquisition worth $1,922,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Virtu Financial LLC grew its stake in IB Acquisition by 14.5% in the fourth quarter. Virtu Financial LLC now owns 105,524 shares of the company's stock valued at $1,069,000 after purchasing an additional 13,370 shares during the last quarter. Berkley W R Corp boosted its holdings in IB Acquisition by 705.7% in the fourth quarter. Berkley W R Corp now owns 198,675 shares of the company's stock valued at $2,012,000 after purchasing an additional 174,016 shares during the last quarter. Crossingbridge Advisors LLC grew its position in IB Acquisition by 23.7% during the 4th quarter. Crossingbridge Advisors LLC now owns 455,320 shares of the company's stock worth $4,612,000 after purchasing an additional 87,100 shares during the period. Finally, Wolverine Asset Management LLC raised 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 buying an additional 459,929 shares during the last quarter.
IB Acquisition Price Performance
Shares of IBAC remained flat at $10.36 during mid-day trading on Friday. The stock had a trading volume of 216 shares, compared to its average volume of 52,396. IB Acquisition Corp. has a 1 year low of $9.95 and a 1 year high of $10.50. The company has a 50-day moving average price of $10.34 and a 200 day moving average price of $10.21.
About IB Acquisition
(
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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