Toronto Dominion Bank acquired a new position in IB Acquisition Corp. (NASDAQ:IBAC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 741,050 shares of the company's stock, valued at approximately $7,507,000. Toronto Dominion Bank owned 5.39% of IB Acquisition as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of IBAC. Virtu Financial LLC increased its stake 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 purchasing an additional 13,370 shares in the last quarter. Berkley W R Corp boosted its position in shares of IB Acquisition by 705.7% during the 4th quarter. Berkley W R Corp now owns 198,675 shares of the company's stock worth $2,012,000 after purchasing an additional 174,016 shares during the period. Crossingbridge Advisors LLC boosted its position in shares of 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 boosted its position 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 worth $5,754,000 after purchasing an additional 459,929 shares during the period.
IB Acquisition Stock Performance
Shares of NASDAQ:IBAC traded up $0.00 during mid-day trading on Friday, reaching $10.42. 355,855 shares of the company were exchanged, compared to its average volume of 48,746. IB Acquisition Corp. has a 1 year low of $9.96 and a 1 year high of $10.51. The firm's 50-day simple moving average is $10.37 and its 200 day simple moving average is $10.25.
IB Acquisition Profile
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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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