Ameritas Advisory Services LLC Doubles Down on IBM with 60% Stake Increase
Ameritas Advisory Services LLC has increased its stake in International Business Machines Corporation (NYSE:IBM) by 60.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 19,755 shares of IBM's stock after buying an additional 7,438 shares during the quarter.
Ameritas Advisory Services LLC's holdings in International Business Machines were worth $5,555,000 at the end of the most recent quarter. Other hedge funds and institutional investors have also recently added to or reduced their stakes in IBM.
BlackRock Inc. purchased a new position in International Business Machines in the second quarter valued at approximately $21,586,659,000. State Street Corp increased its position in International Business Machines by 1.0% in the fourth quarter, and Geode Capital Management LLC raised its stake in shares of International Business Machines by 1.5% in the same period.
Capital World Investors lifted its holdings in International Business Machines by 29.2% during the fourth quarter. Bank of America Corp DE boosted its position in International Business Machines by 7.0% during the first quarter. A total of 58.96% of the stock is currently owned by hedge funds and other institutional investors.