Stocks
Annex Advisory Cuts IBM Holdings by 83%
Annex Advisory Services LLC has made significant changes to its holdings in International Business Machines Corporation (IBM). According to its most recent Form 13F filing with the Securities & Exchange Commission, the firm lessened its position by 82.9% during the second quarter. Annex owned 1,721 shares of IBM's stock after selling 8,347 shares.
The firm's holdings in IBM were worth $484,000 at the end of the most recent quarter. This sale reflects a significant reduction in the company's stake in IBM. Other institutional investors have also made changes to their positions in IBM during the same period.