Heartland Invests $1.26 Million in IBM Stock
Heartland Bank & Trust Co recently invested $1.26 million in International Business Machines Corporation (IBM) by purchasing 4,487 shares of its stock. This new stake is valued at approximately $1,262,000 and was purchased during the second quarter.
The institutional investor's purchase follows other hedge funds and institutional investors that have also bought shares of IBM recently. Brighton Jones LLC raised its holdings in IBM by 12.4% in the fourth quarter, while Sivia Capital Partners LLC increased its position in the company by 10.6% during the second quarter.
International Business Machines Corporation is a global technology and consulting company that has been in operation since 1911. The company's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.