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Meeder Takes IBM Stake Worth Over $5 Million

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IBM
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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.

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