CVI Holdings LLC Invests $2.49 Million in IB Acquisition Corp. (NASDAQ:IBAC)

CVI Holdings LLC bought a new stake in IB Acquisition Corp. (NASDAQ:IBAC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 250,000 shares of the company’s stock, valued at approximately $2,494,000. IB Acquisition comprises about 2.3% of CVI Holdings LLC’s investment portfolio, making the stock its 7th largest position. CVI Holdings LLC owned about 1.82% of IB Acquisition at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in IBAC. Cowen AND Company LLC acquired a new stake in IB Acquisition in the 2nd quarter valued at approximately $3,593,000. Condor Capital Management acquired a new stake in IB Acquisition in the 2nd quarter valued at approximately $422,000. Context Capital Management LLC acquired a new stake in IB Acquisition in the 2nd quarter valued at approximately $1,994,000. Highbridge Capital Management LLC acquired a new stake in IB Acquisition in the 2nd quarter valued at approximately $1,995,000. Finally, Clear Street LLC acquired a new stake in IB Acquisition in the 2nd quarter valued at approximately $1,395,000.

IB Acquisition Price Performance

IB Acquisition stock opened at $10.01 on Friday. IB Acquisition Corp. has a fifty-two week low of $9.93 and a fifty-two week high of $10.26. The firm has a 50 day moving average of $10.01.

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.