Karpus Management Inc. boosted its position in shares of KBL Merger Corp. IV (NASDAQ:KBLM) by 22.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,721,600 shares of the company’s stock after acquiring an additional 313,600 shares during the quarter. Karpus Management Inc. owned about 11.57% of KBL Merger Corp. IV worth $16,732,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Boothbay Fund Management LLC raised its stake in shares of KBL Merger Corp. IV by 103.5% during the 3rd quarter. Boothbay Fund Management LLC now owns 645,763 shares of the company’s stock valued at $6,324,000 after buying an additional 328,463 shares during the last quarter. Berkley W R Corp purchased a new position in shares of KBL Merger Corp. IV during the 2nd quarter valued at about $2,350,000. Finally, Periscope Capital Inc. purchased a new position in shares of KBL Merger Corp. IV during the 3rd quarter valued at about $982,000. 42.31% of the stock is owned by institutional investors.
KBL Merger Corp. IV (KBLM) remained flat at $$9.71 during midday trading on Friday. KBL Merger Corp. IV has a fifty-two week low of $9.65 and a fifty-two week high of $9.80.
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