IB Acquisition Corp. (NASDAQ:IBAC - Get Free Report) rose 1.1% during mid-day trading on Monday . The stock traded as high as $10.46 and last traded at $10.46. Approximately 1,803 shares changed hands during trading, a decline of 97% from the average daily volume of 57,292 shares. The stock had previously closed at $10.35.
IB Acquisition Price Performance
The company has a 50-day moving average price of $10.30 and a 200 day moving average price of $10.18.
Institutional Trading of IB Acquisition
Several hedge funds have recently modified their holdings of the company. Toronto Dominion Bank bought a new position in shares of IB Acquisition during the 4th quarter worth approximately $7,507,000. Wolverine Asset Management LLC boosted its position in shares of 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. Crossingbridge Advisors LLC grew its stake 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 buying an additional 87,100 shares during the last quarter. Berkley W R Corp raised 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 buying an additional 174,016 shares during the last quarter. Finally, Rivernorth Capital Management LLC boosted its holdings in IB Acquisition by 11.3% in the third quarter. Rivernorth Capital Management LLC now owns 150,000 shares of the company's stock worth $1,500,000 after acquiring an additional 15,270 shares in the last quarter.
IB Acquisition Company Profile
(
Get 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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