Rivernorth Capital Management LLC Grows Stock Holdings in IB Acquisition Corp. (NASDAQ:IBAC)

Rivernorth Capital Management LLC increased its stake in IB Acquisition Corp. (NASDAQ:IBAC) by 11.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,000 shares of the company’s stock after purchasing an additional 15,270 shares during the quarter. Rivernorth Capital Management LLC owned 1.09% of IB Acquisition worth $1,500,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. SkyView Investment Advisors LLC bought a new stake in shares of IB Acquisition during the 2nd quarter valued at $748,000. Highbridge Capital Management LLC purchased a new stake in IB Acquisition in the second quarter worth about $1,995,000. Cowen AND Company LLC purchased a new stake in IB Acquisition in the second quarter worth about $3,593,000. Dakota Wealth Management bought a new position in shares of IB Acquisition in the third quarter worth about $682,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of IB Acquisition during the 3rd quarter valued at about $1,084,000.

IB Acquisition Price Performance

IB Acquisition stock opened at $10.13 on Friday. IB Acquisition Corp. has a 12-month low of $9.93 and a 12-month high of $10.26. The firm has a 50 day moving average of $10.07 and a 200 day moving average of $10.02.

IB Acquisition 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.