Wolverine Asset Management LLC Grows Stock Holdings in IB Acquisition Corp. (NASDAQ:IBAC)

Wolverine Asset Management LLC raised its position in shares of IB Acquisition Corp. (NASDAQ:IBAC) by 424.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 568,287 shares of the company’s stock after buying an additional 459,929 shares during the period. Wolverine Asset Management LLC’s holdings in IB Acquisition were worth $5,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of IBAC. Dakota Wealth Management acquired a new stake in shares of IB Acquisition in the third quarter valued at $682,000. Rivernorth Capital Management LLC raised its stake in shares of IB Acquisition by 11.3% in the third quarter. Rivernorth Capital Management LLC now owns 150,000 shares of the company’s stock valued at $1,500,000 after acquiring an additional 15,270 shares in the last quarter. Periscope Capital Inc. raised its stake in shares of IB Acquisition by 9.1% in the third quarter. Periscope Capital Inc. now owns 300,000 shares of the company’s stock valued at $3,000,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Virtu Financial LLC raised its stake in shares of IB Acquisition by 60.7% in the third quarter. Virtu Financial LLC now owns 92,154 shares of the company’s stock valued at $922,000 after acquiring an additional 34,812 shares in the last quarter.

IB Acquisition Trading Up 0.0 %

Shares of NASDAQ IBAC opened at $10.24 on Friday. IB Acquisition Corp. has a 12-month low of $9.93 and a 12-month high of $10.45. The business’s fifty day simple moving average is $10.18 and its 200-day simple moving average is $10.09.

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.