UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934


                               (Amendment No.3)*

                     		Foxby Corp.
- - ----------------------------------------------------------------------------
                                (Name of Issuer)
- - ----------------------------------------------------------------------------

                     		Common Stock
- - ----------------------------------------------------------------------------
                         (Title of Class of Securities)

                        	 003009107
- - ----------------------------------------------------------------------------
                                 (CUSIP Number)

				Frank Abella, Jr.
                       Investment Partners Asset Management, Inc.
				1 Highland Avenue
			   Metuchen, New Jersey 08840
				732-205-0391

- - ----------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
                                 Communications)

                                March 27, 2007

             (Date of Event which Requires Filing of this Statement

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].

Note:  Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The Information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).







Cusip No.
- - ------=====-------------------------------------------------------------
     NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Investment Partners Asset Management, Inc.
- - ------------------------------------------------------------------------
2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP         (a) [ ]
                                                               (b) [ ]
- - ------------------------------------------------------------------------
3     SEC USE ONLY
- - ------------------------------------------------------------------------
4     SOURCE OF FUNDS  ***
       (See Item 3)
- - ----- ------------------------------------------------------------------
5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS

      IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                    [ ]
- - ----- ------------------------------------------------------------------
6     CITIZENSHIP OR PLACE OF ORGANIZATION
      Investment Partners Asset Management, Inc. is organized under the
laws of Delaware.
- - ----- ------------------------------------------------------------------
                      7     SOLE VOTING POWER

                      		67,700
                      ----------------------------------------------------
NUMBER OF             8     SHARED VOTING POWER
SHARES
BENEFICIALLY          		0
OWNED BY              ----------------------------------------------------
EACH                  9     SOLE DISPOSITIVE POWER
REPORTING
PERSON                		67,700
                      ---------------------------------------------------
                      10    SHARED DISPOSITIVE POWER

                      		127,611 - with clients
- - ------------------------------------------------------------------------
11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     	195,311
- - ------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
	SHARES   [  ]
- - ------------------------------------------------------------------------
13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
      	7.5%
- - ------------------------------------------------------------------------
14    TYPE OF REPORTING PERSON
      IA
- - ------------------------------------------------------------------------


Item 1.   Security and Issuer

	Foxby Corp. is located at 11 Hanover Square, NY, NY 10005.



Item 2.   Identity and Background

(a)     Investment Partners Asset Management, Inc. is a corporation formed in
the State of Delaware.



(b)     The principal place of business of the reporting person is 1
Highland Avenue, Metuchen, NJ.


(c)    Investment Advisor



(d) 	None


(e)	None


(f)	Delaware



Item 3.    Source and Amount of Funds or Other Consideration

     Client assets.


Item 4.    Purpose of Transaction

	The purpose of acquisition is investment.


Item 5.    Interest in Securities of the Issuer
a) The reporting person believes that the number
of shares of the issuer that are outstanding is 2,602,847 as of
March 27, 2007.  As of March 27, 2007, the reporting person
may have been deemed the beneficial owner of 195,311 Shares
approximately 7.5% of the total number of Shares outstanding).

b) The reporting person has sole power to vote 67,700 shares
held by one of its clients.  Dispositive powers for 67,700 shares
and shared dispositive powers for 127,611.


c) Clients of the reporting person purchased the following number
of shares during the past 60 days on the American Stock Exchange
or through an ECN.
At the following prices:

Trade date	No. of Shares	Execution Price

01-24-07	5,500.0000	2.4045
01-24-07	5,500.0000	2.4045
02-22-07	3,800.0000	2.4874
02-27-07	5,300.0000	2.3817
03-26-07	3,080.0000	2.3421
03-27-07	3,500.0000	2.4049
03-27-07	3,500.0000	2.4049
03-27-07	2,931.0000	2.4049
03-27-07	3,000.0000	2.4049


There were no sales of the Issuer.

(d)	Clients of the Reporting Person are entitled to receive
all dividends, distributions and proceeds of sale.

(e)	Not Applicable

Item 6.    Contracts, Arrangements, Understandings, or Relationships with
           Respect to Securities of the Issuer

		None

Item 7.    Material to be Filed as Exhibits

		None



                                   SIGNATURES


        After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.

Dated as of March 27, 2007




                                Investment Partners Asset Management, Inc.

                                         By: /s/ Frank Abella
                                             --------------------------
                                             Name:  Frank Abella
                                             Title: President