Royal London Sells Off More IBM Shares
Royal London Asset Management Ltd. has reduced its stake in International Business Machines Corporation (IBM) by selling 3,729 shares during the second quarter.
The firm owned 436,289 shares of IBM's stock after the sale and valued its holdings at $122,689,000 as of the most recent quarter.
This reduction is part of a larger trend in which several other hedge funds have recently bought and sold IBM shares.