IB Acquisition Corp. (NASDAQ:IBAC) Position Trimmed by Condor Capital Management

Condor Capital Management trimmed its holdings in shares of IB Acquisition Corp. (NASDAQ:IBAC) by 19.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,156 shares of the company’s stock after selling 5,768 shares during the period. Condor Capital Management owned about 0.18% of IB Acquisition worth $245,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in IBAC. Wolverine Asset Management LLC lifted its position in shares of IB Acquisition by 424.5% in the 4th quarter. Wolverine Asset Management LLC now owns 568,287 shares of the company’s stock valued at $5,754,000 after acquiring an additional 459,929 shares in the last quarter. Rivernorth Capital Management LLC lifted its position in shares of IB Acquisition by 11.3% in the 3rd 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. Virtu Financial LLC lifted its position in shares of IB Acquisition by 60.7% in the 3rd 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. Finally, Periscope Capital Inc. lifted its position in shares of IB Acquisition by 9.1% in the 3rd 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.

IB Acquisition Stock Performance

Shares of NASDAQ:IBAC opened at $10.31 on Friday. IB Acquisition Corp. has a 52 week low of $9.93 and a 52 week high of $10.50. The firm has a 50 day simple moving average of $10.24 and a 200 day simple moving average of $10.12.

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.