Toronto Dominion Bank Makes New Investment in IB Acquisition Corp. (NASDAQ:IBAC)

Toronto Dominion Bank bought a new position in shares of IB Acquisition Corp. (NASDAQ:IBAC) in the fourth quarter, HoldingsChannel reports. The fund bought 741,050 shares of the company’s stock, valued at approximately $7,507,000. Toronto Dominion Bank owned 0.05% of IB Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Virtu Financial LLC grew its stake in shares of IB Acquisition by 14.5% during the fourth quarter. Virtu Financial LLC now owns 105,524 shares of the company’s stock worth $1,069,000 after purchasing an additional 13,370 shares in the last quarter. Berkley W R Corp grew its stake in shares of IB Acquisition by 705.7% during the fourth quarter. Berkley W R Corp now owns 198,675 shares of the company’s stock worth $2,012,000 after purchasing an additional 174,016 shares in the last quarter. Crossingbridge Advisors LLC grew its stake in shares of IB Acquisition by 23.7% during the fourth quarter. Crossingbridge Advisors LLC now owns 455,320 shares of the company’s stock worth $4,612,000 after purchasing an additional 87,100 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its stake in shares of IB Acquisition by 424.5% during the fourth quarter. Wolverine Asset Management LLC now owns 568,287 shares of the company’s stock worth $5,754,000 after purchasing an additional 459,929 shares in the last quarter.

IB Acquisition Trading Down 0.2%

Shares of IBAC stock opened at $10.41 on Thursday. The firm has a fifty day moving average price of $10.35 and a 200 day moving average price of $10.23. IB Acquisition Corp. has a 12 month low of $9.95 and a 12 month high of $10.50.

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.