Stocks

Centric Wealth Invests $513k in IBM

Guavy AI Editorial Team Published September 1, 2026

Instruments

IBM

Centric Wealth Management has acquired a new position in International Business Machines Corporation (NYSE:IBM) worth approximately $513,000. The company purchased 2,234 shares of IBM's stock during the 2nd quarter.

This is not an isolated incident as other hedge funds have also made changes to their positions in IBM. Orca Wealth Management LLC boosted its holdings by 3.7% in the fourth quarter and now owns 975 shares valued at $285,000.

The institutional ownership of IBM's stock stands at 58.96%, with various investors holding significant stakes in the company.

The Wire

Keep reading for free.

You've read 3 free articles in the last 24 hours. Create a free account for unlimited access, no card required.

Create free account Already have an account? Sign in

No spam. Unsubscribe anytime.