Capstone Wealth Buys $621K Worth of IBM Shares
Capstone Wealth Management Group Inc. has acquired a new stake in IBM (NYSE:IBM), purchasing 2,208 shares of the technology company's stock in the second quarter. The firm valued these shares at approximately $621,000.
This is not an isolated incident; several other hedge funds have recently made changes to their positions in IBM. Portus Wealth Advisors LLC purchased a new position in IBM during the 1st quarter worth about $26,000, and Joseph Group Capital Management bought a new stake in IBM during the fourth quarter worth about $28,000.
The market capitalization of IBM is $220.47 billion, with a price-to-earnings ratio of 20.76, a PEG ratio of 2.27, and a beta of 0.70. The company has a 50-day moving average price of $245.71 and a 200-day moving average price of $249.59.