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KMG Fiduciary Sells Half Its IBM Stake

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IBM
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KMG Fiduciary Partners LLC has reduced its stake in International Business Machines Corporation (IBM) by 52.7% during the second quarter, according to a recent 13F filing with the Securities and Exchange Commission.

The institutional investor sold 16,980 shares of IBM's stock, leaving it with 15,228 shares worth approximately $4,282,000 as of its most recent filing.

This is not an isolated incident; a number of other hedge funds have also recently bought and sold shares of IBM.

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