Virtu Financial LLC Has $1.07 Million Stake in IB Acquisition Corp. (NASDAQ:IBAC)

Virtu Financial LLC boosted its position in shares of IB Acquisition Corp. (NASDAQ:IBAC) by 14.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 105,524 shares of the company’s stock after purchasing an additional 13,370 shares during the period. Virtu Financial LLC’s holdings in IB Acquisition were worth $1,069,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC grew its stake in IB Acquisition by 424.5% during the fourth quarter. Wolverine Asset Management LLC now owns 568,287 shares of the company’s stock worth $5,754,000 after buying an additional 459,929 shares in the last quarter. Rivernorth Capital Management LLC grew its stake in IB Acquisition by 11.3% during the third quarter. Rivernorth Capital Management LLC now owns 150,000 shares of the company’s stock worth $1,500,000 after buying an additional 15,270 shares in the last quarter. Finally, Periscope Capital Inc. grew its stake in IB Acquisition by 9.1% during the third quarter. Periscope Capital Inc. now owns 300,000 shares of the company’s stock worth $3,000,000 after buying an additional 25,000 shares in the last quarter.

IB Acquisition Trading Up 0.0 %

Shares of IB Acquisition stock opened at $10.31 on Monday. The firm’s 50-day moving average price is $10.24 and its two-hundred day moving average price is $10.13. IB Acquisition Corp. has a 12-month low of $9.93 and a 12-month high of $10.50.

About IB Acquisition

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.