Korea Investment CORP Buys New Stake in International Business Machines
Korea Investment CORP has acquired a new stake in International Business Machines Corporation (NYSE:IBM), purchasing 631,665 shares valued at approximately $177,631,000 in the second quarter. This represents about 0.07% of IBM's outstanding shares.
This is not an isolated instance, as several other institutional investors have also bought new stakes in IBM during the same period. Basepoint Wealth LLC acquired a stake worth around $25,000, while Portus Wealth Advisors LLC and Harborfront Financial Group LLC purchased positions valued at approximately $26,000 and $27,000, respectively.
As of its most recent SEC filing, Korea Investment CORP owned about 0.07% of IBM's stock. Institutional investors in total own around 58.96% of the company's shares.