Asset Dedication LLC Sells Stake in International Business Machines

Asset Dedication LLC decreased its stake in International Business Machines Corporation (IBM) by 17.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

The firm owned 15,140 shares of IBM's stock after selling 3,275 shares during the period. At the end of the most recent reporting period, Asset Dedication LLC's holdings in International Business Machines were worth $3,670,000.

Norges Bank bought a new position in International Business Machines in the fourth quarter worth about $2,446,429,000. Other institutional investors have also recently modified their holdings of the company.