Aqr Capital Management Holding Sells 122,309 Shares of IB Acquisition (NASDAQ:IBAC) Stock

IB Acquisition Corp. (NASDAQ:IBAC) major shareholder Aqr Capital Management Holding sold 122,309 shares of IB Acquisition stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $10.50, for a total value of $1,284,244.50. Following the sale, the insider directly owned 3,113 shares of the company’s stock, valued at approximately $32,686.50. This represents a 97.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

IB Acquisition Stock Down 0.1%

Shares of IBAC opened at $10.49 on Friday. The stock has a 50-day moving average of $10.55 and a two-hundred day moving average of $10.46. IB Acquisition Corp. has a one year low of $10.01 and a one year high of $11.45.

Institutional Trading of IB Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mizuho Securities USA LLC acquired a new position in shares of IB Acquisition in the 1st quarter valued at about $126,000. Jane Street Group LLC acquired a new position in shares of IB Acquisition in the 2nd quarter valued at about $135,000. Clear Street LLC lifted its holdings in shares of IB Acquisition by 5,006.3% in the 2nd quarter. Clear Street LLC now owns 28,544 shares of the company’s stock valued at $299,000 after buying an additional 27,985 shares during the period. Quarry LP acquired a new position in shares of IB Acquisition in the 1st quarter valued at about $1,032,000. Finally, Tabor Asset Management LP acquired a new position in shares of IB Acquisition in the 1st quarter valued at about $2,064,000.

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.