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Allen Mooney & Barnes Investment Advisors Sells Significant Stake in International Business Machines

Guavy AI Editorial Team
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IBM
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Allen Mooney & Barnes Investment Advisors LLC reduced its stake in International Business Machines Corporation (IBM) by 86.3% during the second quarter, according to a recent disclosure with the Securities and Exchange Commission.

The firm owned 5,648 shares of IBM's stock after selling 35,575 shares during the period, which was worth $1,588,000 as of its most recent SEC filing.

Meanwhile, other hedge funds and institutional investors have been modifying their holdings in IBM. Vanguard Group Inc., for example, grew its stake by 1.5% in the fourth quarter and now owns 97,216,131 shares worth $28,796,390,000.

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