HORAN Wealth Cuts Stake in International Business Machines
HORAN Wealth LLC has decreased its stake in International Business Machines Corporation (NYSE:IBM) by selling 2,861 shares of the company's stock. The fund now owns 2,941 shares of IBM's technology stock after the sale.
The holdings are worth approximately $827,000 as per HORAN Wealth LLC's most recent disclosure with the Securities and Exchange Commission. This is a significant decrease in their holding from the previous quarter, indicating they may have reduced their faith in IBM's future prospects.
Other hedge funds such as BlackRock Inc. and State Street Corp have increased their stakes in IBM during the second quarter, while Geode Capital Management LLC raised its holdings by 1.5% during the fourth quarter.