Greenwood Capital Increases Stake in IBM with Additional Share Acquisition

Greenwood Capital Associates LLC has increased its stake in International Business Machines Corporation (NYSE:IBM) by acquiring 9,104 additional shares during the second quarter. This brings their total holdings to 57,594 shares, accounting for approximately 1.6% of their portfolio.

The acquisition was made public through a recent 13F filing with the Securities & Exchange Commission. The value of their holdings in IBM is reportedly around $16,196,000 as of their most recent SEC filing.

Greenwood Capital Associates LLC's increased stake in IBM makes it the company's 11th largest holding. Other institutional investors have also shown interest in IBM, with several buying and selling shares throughout the year.