AMG National Trust Bank Buys into IBM with $4.8M Stake

AMG National Trust Bank has purchased a new stake in International Business Machines Corporation (NYSE:IBM) shares, valued at approximately $4.8 million.

The firm acquired 17,181 shares of IBM's stock during the second quarter, according to its most recent filing with the Securities & Exchange Commission.

This is not an isolated instance of institutional investment in IBM; other large investors have also recently made changes to their positions in the company.