Resona Cuts Stake in IBM After Selling Over 19,000 Shares
Resona Asset Management Co. Ltd., an institutional investor, has reduced its stake in International Business Machines Corporation (NYSE:IBM).
In the second quarter, Resona sold 19,394 shares of IBM stock, decreasing its holdings by 6.0%. The company now owns 303,001 shares of IBM's stock.
The value of Resona's holdings in IBM is approximately $84,991,000 as of its most recent filing with the Securities & Exchange Commission.