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Munich Reinsurance Sells Large Stake in IBM

Guavy AI Editorial Team
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IBM
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Munich Reinsurance Co Stock Corp in Munich reduced its stake in International Business Machines Corporation (NYSE:IBM) by 93.4% in the second quarter, according to a recent SEC filing.

The fund owned 812 shares of IBM's stock after selling 11,515 shares during the period. The value of their holdings in IBM was $228,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of IBM. Norges Bank purchased a new stake in International Business Machines during the fourth quarter worth about $2,446,429,000. Capital World Investors raised its holdings in International Business Machines by 29.2% during the fourth quarter.

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