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IBM Attracts New Stakeholder as Institutional Investors Continue to Buy In

Guavy AI Editorial Team
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IBM
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Diversify Advisory Services LLC has acquired a new stake in International Business Machines Corporation (IBM), buying 52,800 shares of its stock valued at approximately $11.42 million.

This is not the only institutional investor to buy into IBM this quarter, as BlackRock Inc. and Bank of New York Mellon Corp also purchased new positions in the company.

The fund's purchase brings the total number of institutional investors holding shares of IBM to 58.96%.

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