CNH Partners LLC acquired a new stake in shares of KBL Merger Corp IV (NASDAQ:KBLMU) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,000,000 shares of the company’s stock, valued at approximately $10,200,000.

A number of other hedge funds also recently bought and sold shares of KBLMU. Cowen Inc. bought a new position in KBL Merger Corp IV during the 2nd quarter valued at approximately $12,576,000. Gluskin Sheff & Assoc Inc. bought a new position in KBL Merger Corp IV during the 2nd quarter valued at approximately $5,100,000. OxFORD Asset Management LLP bought a new position in KBL Merger Corp IV during the 2nd quarter valued at approximately $5,100,000. Periscope Capital Inc. bought a new position in KBL Merger Corp IV during the 2nd quarter valued at approximately $3,091,000. Finally, B. Riley Financial Inc. bought a new position in KBL Merger Corp IV during the 2nd quarter valued at approximately $408,000.

Shares of KBL Merger Corp IV (NASDAQ:KBLMU) remained flat at $10.17 during mid-day trading on Friday. 4,774 shares of the company’s stock were exchanged. KBL Merger Corp IV has a 12-month low of $9.10 and a 12-month high of $10.30.

TRADEMARK VIOLATION WARNING: This piece was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/08/cnh-partners-llc-invests-10-20-million-in-kbl-merger-corp-iv-kblmu-stock.html.

About KBL Merger Corp IV

KBL Merger Corp. IV is a blank check company. The Company is formed for the purpose of effecting merger, capital stock exchange, stock purchase, asset acquisition or other similar business combination with one or more operating businesses. The Company intends to focus on acquiring an operating company in the healthcare and related wellness industry.

Receive News & Stock Ratings for KBL Merger Corp IV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBL Merger Corp IV and related stocks with our FREE daily email newsletter.