Advisors Capital Management Invests Heavily in International Business Machines
Advisors Capital Management LLC has invested $148.07 million in International Business Machines Corporation (NYSE:IBM).
The investment firm bought a new position of 526,559 shares of IBM's stock in the second quarter, valued at approximately $148,074,000.
This represents about 1.6% of Advisors Capital Management LLC's total portfolio, making it their ninth largest holding.