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IFP Advisors Boosts Stake in IBM to $12.17 Million

Guavy AI Editorial Team
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IBM
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IFP Advisors Inc has significantly increased its stake in International Business Machines Corporation (NYSE:IBM) by 30.6% during the second quarter, according to the company's most recent 13F filing with the Securities & Exchange Commission.

The institutional investor now owns 43,273 shares of IBM's stock after buying an additional 10,130 shares during the period. The value of IFP Advisors Inc's holdings in International Business Machines was $12,169,000 at the end of the most recent quarter.

This is not the only significant development for IBM, as several other hedge funds and institutional investors have also recently added to or reduced their stakes in the stock.

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