Stocks
Fairtree Asset Invests $1.58 Million in IBM
Fairtree Asset Management Pty Ltd, an Australian investment firm, has purchased $1.58 million worth of IBM stock in the second quarter.
The purchase included 5,633 shares valued at approximately $1,584,000, according to a recent SEC filing.
This is not the first time Fairtree Asset Management Pty Ltd has invested in IBM; however, it is one of several large institutional investors that have increased their stakes in the company this quarter.