Hedge Funds Flock to IBM with $3.42 Million Investment

First Nebraska Trust Co has invested $3.42 million in International Business Machines Corporation (IBM), according to its recent Form 13F filing with the Securities and Exchange Commission.

The firm purchased 14,118 shares of IBM's stock, valued at approximately $3,422,000, during the first quarter.

This is not an isolated instance; several other hedge funds have also invested in IBM during this period, including Family CFO Inc, Basepoint Wealth LLC, Portus Wealth Advisors LLC, Joseph Group Capital Management, and Cornerstone Financial Management LLC.