Metzler Seel Sohn & Co AG Takes a Bite Out of IBM
B. Metzler seel. Sohn & Co. AG has purchased a new position in shares of International Business Machines Corporation (IBM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 76,960 shares of IBM's stock, valued at approximately $21,642,000.
This is not an isolated instance, as other institutional investors have also added to or reduced their stakes in IBM. BlackRock Inc., for example, purchased a new position in shares of IBM during the second quarter worth approximately $21,586,659,000. Similarly, Bank of New York Mellon Corp bought a new stake in IBM during the second quarter worth $2,606,782,000.
Capital World Investors grew its stake in IBM by 29.2% in the fourth quarter and now owns 22,021,912 shares of the technology company's stock valued at $6,523,720,000 after purchasing an additional 4,976,756 shares during the period.