Tabor Asset Management LP acquired a new stake in shares of IB Acquisition Corp. (NASDAQ:IBAC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 200,000 shares of the company's stock, valued at approximately $2,064,000. Tabor Asset Management LP owned approximately 1.46% of IB Acquisition at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Virtu Financial LLC grew its holdings in shares of IB Acquisition by 14.5% during the fourth quarter. Virtu Financial LLC now owns 105,524 shares of the company's stock worth $1,069,000 after buying an additional 13,370 shares in the last quarter. Berkley W R Corp increased its stake 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 shares of IB Acquisition by 23.7% during the fourth quarter. Crossingbridge Advisors LLC now owns 455,320 shares of the company's stock worth $4,612,000 after acquiring an additional 87,100 shares during the last quarter. Finally, Toronto Dominion Bank purchased a new position in IB Acquisition in the 4th quarter valued at $7,507,000.
IB Acquisition Trading Up 0.1%
Shares of NASDAQ:IBAC traded up $0.01 during midday trading on Monday, hitting $10.46. 300 shares of the stock were exchanged, compared to its average volume of 26,869. IB Acquisition Corp. has a twelve month low of $9.98 and a twelve month high of $10.53. The company has a 50 day moving average price of $10.46 and a 200-day moving average price of $10.34.
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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