SkyView Investment Advisors LLC Acquires Shares of 75,000 IB Acquisition Corp. (NASDAQ:IBAC)

SkyView Investment Advisors LLC bought a new stake in IB Acquisition Corp. (NASDAQ:IBAC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 75,000 shares of the company’s stock, valued at approximately $748,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IBAC. Highbridge Capital Management LLC bought a new stake in shares of IB Acquisition in the second quarter worth $1,995,000. Cowen AND Company LLC bought a new stake in shares of IB Acquisition in the 2nd quarter worth about $3,593,000. K2 Principal Fund L.P. bought a new stake in shares of IB Acquisition in the 2nd quarter worth about $1,496,000. CVI Holdings LLC acquired a new stake in shares of IB Acquisition in the 2nd quarter valued at about $2,494,000. Finally, Berkley W R Corp bought a new position in shares of IB Acquisition during the second quarter worth about $246,000.

IB Acquisition Price Performance

NASDAQ:IBAC opened at $10.01 on Friday. IB Acquisition Corp. has a one year low of $9.93 and a one year high of $10.26. The stock has a 50-day moving average price of $10.01.

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.