Evanson Financial Buys IBM Shares Amid Institutional Investment Shake-Up

Evanson Financial LLC has acquired shares of International Business Machines Corporation (NYSE:IBM). According to its most recent filing with the SEC, Evanson Financial bought 2,579 shares during the second quarter, valued at around $725,000. This is not an isolated event, as other institutional investors have also modified their holdings in IBM.

Fermata Advisors LLC boosted its stake by 20.6% in the second quarter and now owns 1,327 shares worth $373,000. 180 Wealth Advisors LLC increased its holding by 2.2%, owning 15,459 shares valued at $4,347,000. Post Resch Tallon Group Inc. lifted its holdings by 2.6%, while Bill Few Associates Inc. boosted its stake by 6.3%.

In related news, IBM has received some positive sentiment from recent announcements. The company previewed Apptio AI Value & ROI, a tool designed to track AI spending and connect it with business outcomes. It also secured FedRAMP Moderate authorization for Maximo Application Suite as a Service, allowing U.S. federal agencies to use its cloud-based asset-management tools.