Mirae Asset Boosts Stake in IBM by 14%
Mirae Asset Global Investments Co. Ltd. has increased its stake in International Business Machines Corporation (IBM) by 14% during the second quarter, according to a recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor now owns 251,668 shares of IBM's stock after acquiring an additional 30,939 shares during the period. The value of its holdings in International Business Machines was $70,772,000 at the end of the most recent reporting period.
This is not the only significant development in IBM's shareholder landscape. Other hedge funds and institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc., for example, grew its position in shares of International Business Machines by 1.5% during the fourth quarter, while State Street Corp increased its stake in shares of International Business Machines by 1.0% during the same period.