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Glenview Trust Co Takes $43M Stake in International Business Machines

Guavy AI Editorial Team
Instruments
IBM
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Glenview Trust Co has taken a new position in shares of International Business Machines Corporation (NYSE:IBM), acquiring 154,329 shares valued at approximately $43.399 million.

This is not the only large investor to buy IBM stock recently; Assetmark Inc. increased its holdings by 24.8% in the first quarter and GLOBALT Investments LLC GA lifted its position by 19.1% in the fourth quarter, among others.

The hedge funds and other institutional investors own a significant portion of the company's stock, with 58.96% ownership.

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