EP Wealth Advisors Buys IBM Stock Worth Over $15.69 Million

Financial services firm EP Wealth Advisors LLC has acquired a new position in International Business Machines Corporation (NYSE:IBM), purchasing 55,800 shares of the technology company's stock valued at approximately $15.69 million.

The purchase was made during the second quarter, according to a recent disclosure with the Securities and Exchange Commission (SEC).

EP Wealth Advisors is not alone in its investment in IBM; other large investors have also added to or reduced their stakes in the company.