Meeder Takes IBM Stake Worth Over $5 Million
Meeder Asset Management Inc. has acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM), according to its latest filing with the Securities & Exchange Commission.
The firm bought 19,520 shares of IBM's stock during the second quarter, valued at approximately $5,489,000.
This is not an isolated incident; other hedge funds and institutional investors have also modified their holdings in IBM. Tiemann Investment Advisors LLC purchased a new stake worth around $451,000, while Citizens Financial Group Inc. RI bought a position worth about $16,093,000.