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HB Wealth Management Boosts IBM Stake Amid Ongoing Institutional Ownership Shift

Guavy AI Editorial Team
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IBM
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HB Wealth Management LLC, an institutional investor, has increased its stake in International Business Machines Corporation (NYSE:IBM) by 7.0% in the second quarter, according to a recent Form 13F filing with the SEC.

The firm purchased an additional 6,594 shares of IBM's stock during this period and now owns 100,600 shares, worth approximately $28.29 million as of its most recent SEC filing.

This is not an isolated incident, as several other institutional investors have also modified their holdings in IBM recently.

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