CVI Holdings LLC bought a new stake in IB Acquisition Corp. (NASDAQ:IBAC – Free Report) 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.
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