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E Fund Management Snaps Up New Stake in IBM Worth Over $8 Million

Guavy AI Editorial Team
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IBM
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E Fund Management Co. Ltd., a Hong Kong-based investment firm, has acquired a new stake in International Business Machines Corporation (IBM) during the second quarter of this year.

According to the Securities and Exchange Commission's Form 13F filing, E Fund Management purchased approximately 31,993 shares of IBM stock valued at around $8.99 million.

This is not the only significant investment in IBM by a hedge fund recently. Other investors have also taken positions in the company, including Basepoint Wealth LLC and Harborfront Financial Group LLC.

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