Farther Finance Boosts IBM Stake Amid Market Volatility
Farther Finance Advisors LLC has increased its stake in International Business Machines (IBM) by 20.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 64,251 shares of IBM's stock after purchasing an additional 10,855 shares during the quarter, making its holdings in IBM worth $18,063,000 as of its latest SEC filing.
Several other investors have also recently made changes to their positions in IBM. Brighton Jones LLC grew its position by 12.4% during the fourth quarter, and Sivia Capital Partners LLC raised its stake in shares of IBM by 10.6% in the second quarter.
IBM's stock has been trading down 2.5% after opening at $228.53 on Tuesday. The company has a market cap of $215.31 billion, a PE ratio of 20.28, and a beta of 0.70.