Stocks
Krilogy Financial LLC Boosts Stake in IBM by 38.9%
Krilogy Financial LLC has increased its stake in International Business Machines Corporation (NYSE:IBM) by 38.9% during the second quarter, according to a recent SEC filing.
The institutional investor now owns 7,752 shares of IBM's stock after purchasing an additional 2,171 shares during the quarter, valued at $2,180,000 at the end of the reporting period.
This is not the only change in ownership; several other hedge funds have modified their holdings of IBM. Basepoint Wealth LLC and Portus Wealth Advisors LLC purchased new positions in the company's stock in the 4th and first quarters respectively, with values around $25,000 and $26,000.