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PFG Investments Doubles Down on IBM Stock with $13.64 Million Stake

Guavy AI Editorial Team
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IBM
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PFG Investments LLC increased its stake in International Business Machines Corporation (NYSE:IBM) by 13.2% in the second quarter, according to a recent filing with the SEC. The firm now owns 48,519 shares of the technology company's stock after purchasing an additional 5,657 shares during the period.

The value of PFG Investments LLC's holdings in International Business Machines was $13,644,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also increased their stakes in the company. Vanguard Group Inc. boosted its holdings in International Business Machines by 1.5% during the fourth quarter.

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