Oxbow Advisors Buys $1.08M Worth of IBM Stock Amid Market Activity

Oxbow Advisors LLC has acquired a new position in International Business Machines Corporation (NYSE:IBM), purchasing 3,849 shares worth approximately $1.08 million.

This investment is part of Oxbow's second-quarter portfolio additions. The company has also disclosed that other large investors have bought and sold shares of IBM during the same period.

The value of BlackRock Inc.'s new stake in International Business Machines is about $21.59 billion, while Bank of New York Mellon Corp acquired a new position valued at around $2.61 billion.