Clearstead Trust LLC Takes Position in IBM, Joining Broader Trend
A recent filing with the Securities & Exchange Commission reveals that Clearstead Trust LLC acquired a new stake in International Business Machines Corporation (NYSE:IBM), purchasing 8,744 shares valued at approximately $2,459,000. This acquisition is part of a broader trend, as several other large investors have also recently added to or reduced their stakes in the business.
According to the filing, Basepoint Wealth LLC and Portus Wealth Advisors LLC both acquired new positions in International Business Machines shares during the fourth quarter and first quarter, respectively. Cornerstone Financial Management LLC also acquired a new stake in the company's shares in the fourth quarter valued at $28,000. SWAN Capital LLC purchased a new position in International Business Machines in the third quarter.
Meanwhile, Bare Financial Services Inc boosted its holdings in International Business Machines by 114.6% in the second quarter. The company now owns 103 shares of the technology company's stock valued at $29,000 after purchasing an additional 55 shares during the period.