Berkley W R Corp Acquires 174,016 Shares of IB Acquisition Corp. (NASDAQ:IBAC)

Berkley W R Corp increased its stake in shares of IB Acquisition Corp. (NASDAQ:IBAC) by 705.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 198,675 shares of the company’s stock after buying an additional 174,016 shares during the quarter. Berkley W R Corp’s holdings in IB Acquisition were worth $2,012,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Crossingbridge Advisors LLC grew its position 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 valued at $4,612,000 after purchasing an additional 87,100 shares in the last quarter. Virtu Financial LLC increased its position in shares of IB Acquisition by 14.5% during the fourth quarter. Virtu Financial LLC now owns 105,524 shares of the company’s stock valued at $1,069,000 after buying an additional 13,370 shares during the period. Wolverine Asset Management LLC lifted its holdings in shares of IB Acquisition by 424.5% in 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. Finally, Rivernorth Capital Management LLC boosted its position 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 during the period.

IB Acquisition Stock Up 0.1 %

IB Acquisition stock opened at $10.37 on Tuesday. The firm’s 50 day simple moving average is $10.31 and its 200 day simple moving average is $10.19. IB Acquisition Corp. has a 1-year low of $9.93 and a 1-year high of $10.50.

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.