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IBM Sees Growing Institutional Support Amid Share Price Fluctuations

Guavy AI Editorial Team
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IBM
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Hennion & Walsh Asset Management Inc., a significant institutional investor in IBM shares, increased its holdings by 17.6% during the second quarter.

The fund now owns 24,278 shares of IBM's stock after buying an additional 3,634 shares, which were valued at $6,827,000 as of the most recent SEC filing.

This is not an isolated instance; other hedge funds and institutional investors have also modified their holdings in IBM. Norges Bank acquired a new position in International Business Machines in the fourth quarter, valued at approximately $2,446,429,000.

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