Virtu Financial LLC Has $146,000 Holdings in IB Acquisition Corp. $IBAC

Key Points

• Virtu Financial LLC significantly reduced its stake in IB Acquisition Corp. by 86.6%, ending up with 14,178 shares valued at approximately $146,000 after selling 91,346 shares in the first quarter.
• Other institutional investors have also made notable changes, with Mizuho Securities purchasing a new position worth $126,000 and Berkley W R Corp increasing its stake by 705.7%.
• As of the latest trading session, IB Acquisition Corp.'s stock price opened at $10.52, reflecting a relatively stable performance with a 1-year high of $10.53 and a low of $9.98.

Virtu Financial LLC trimmed its position in shares of IB Acquisition Corp. (NASDAQ:IBAC - Free Report) by 86.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,178 shares of the company's stock after selling 91,346 shares during the quarter. Virtu Financial LLC owned approximately 0.10% of IB Acquisition worth $146,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mizuho Securities USA LLC acquired a new position in shares of IB Acquisition in the first quarter worth approximately $126,000. Crossingbridge Advisors LLC lifted its stake in shares of IB Acquisition by 23.7% in 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 period. Wolverine Asset Management LLC lifted its stake in shares of IB Acquisition by 16.6% in the first quarter. Wolverine Asset Management LLC now owns 662,496 shares of the company's stock worth $6,824,000 after acquiring an additional 94,209 shares during the period. Berkley W R Corp lifted its stake in shares of IB Acquisition by 705.7% in the fourth quarter. Berkley W R Corp now owns 198,675 shares of the company's stock worth $2,012,000 after acquiring an additional 174,016 shares during the period. Finally, Tabor Asset Management LP acquired a new position in shares of IB Acquisition in the first quarter worth approximately $2,064,000.

IB Acquisition Price Performance

Shares of IB Acquisition stock traded up $0.0250 during midday trading on Friday, reaching $10.5350. The company had a trading volume of 10,011 shares, compared to its average volume of 19,853. The stock has a fifty day moving average price of $10.50 and a 200 day moving average price of $10.40. IB Acquisition Corp. has a fifty-two week low of $9.98 and a fifty-two week high of $10.59.

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.