HighTower Advisors Doubles Down on IBM Stock with Major Stake Increase
HighTower Advisors LLC increased its stake in International Business Machines Corporation (NYSE:IBM) by 27.8% during Q2, acquiring 372,987 shares and owning a total of 1,716,120 shares after the period.
The institutional investor now owns 0.18% of IBM's stock, worth $482,590,000 at the end of Q2.
HighTower Advisors LLC is not alone in its interest in IBM; several other hedge funds also made changes to their positions in the technology company during Q2.