Patriot Financial Cuts IBM Stake by Over Half
Patriot Financial Group Insurance Agency LLC reduced its stake in International Business Machines (IBM) by 52.8% during Q2, according to a recent SEC filing.
The firm sold 5,350 shares, leaving it with 4,788 shares of IBM's stock worth $1,342,000 as of the most recent filing.
This is not an isolated incident, as several other institutional investors have also made changes to their positions in the stock.