Periscope Capital Inc. decreased its holdings in IB Acquisition Corp. (NASDAQ:IBAC – Free Report) by 8.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 275,000 shares of the company’s stock after selling 25,000 shares during the period. IB Acquisition makes up about 1.6% of Periscope Capital Inc.’s holdings, making the stock its 18th biggest holding. Periscope Capital Inc. owned approximately 2.00% of IB Acquisition worth $2,784,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC boosted its stake in shares of IB Acquisition by 60.7% in the 3rd quarter. Virtu Financial LLC now owns 92,154 shares of the company’s stock valued at $922,000 after purchasing an additional 34,812 shares in the last quarter. Rivernorth Capital Management LLC boosted its position in IB Acquisition by 11.3% during the 3rd quarter. Rivernorth Capital Management LLC now owns 150,000 shares of the company’s stock valued at $1,500,000 after buying an additional 15,270 shares during the period. Finally, Wolverine Asset Management LLC boosted its position in 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 period.
IB Acquisition Price Performance
Shares of IBAC opened at $10.30 on Monday. The firm has a fifty day simple moving average of $10.23 and a two-hundred day simple moving average of $10.12. IB Acquisition Corp. has a twelve month low of $9.93 and a twelve month high of $10.50.
IB Acquisition 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.
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