Mufg Securities Boosts Stake in IBM

Mufg Securities Americas Inc., a financial institution, has increased its stake in International Business Machines Corporation (NYSE:IBM) by 9.5% during the second quarter.

The firm acquired an additional 2,449 shares of IBM's stock, bringing its total holdings to 28,308 shares valued at $7,960,000 as of its most recent SEC filing.

This is part of a broader trend of institutional investors increasing their exposure to IBM. In the second quarter alone, several firms acquired new stakes in IBM, including Basepoint Wealth LLC and Hara Capital LLC.

IBM's stock has been performing well, with shares opening at $243.14 on Friday and a 12-month high of $332.46.