Foster & Motley Inc. Buys New Stake in IBM

Foster & Motley Inc. has added International Business Machines (IBM) to its portfolio by purchasing 31,412 shares of the company's stock in the second quarter. The stake is valued at approximately $8,833,000.

This new investment adds to the growing interest in IBM among large investors. In the same period, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings by 424.6%, while Assetmark Inc. raised its shares by 24.8%. GlobalT Investments LLC GA also increased its stake by 19.1%.

58.96% of IBM's stock is currently owned by hedge funds and other institutional investors, indicating a significant level of interest in the company.