RTD Financial Advisors Boost Stake in IBM by 590%

RTD Financial Advisors Inc., an institutional investor, significantly increased its stake in IBM (NYSE:IBM) during the second quarter. According to a recent 13F filing with the SEC, RTD Financial Advisors Inc.'s holdings in International Business Machines Corporation rose by 590.2% compared to the previous quarter.

The company now owns 6,633 shares of IBM's stock, valued at $1,865,000 as of its most recent filing. This makes up approximately 0.2% of RTD Financial Advisors Inc.'s portfolio and ranks as its 20th largest position among all holdings.

This significant increase in stake is not the only notable development surrounding IBM's institutional ownership. Vanguard Group Inc., another major investor, raised its stake by 1.5% during the fourth quarter, with a total of 97,216,131 shares valued at $28,796,390,000.

Several other investors also made significant changes to their holdings in IBM. State Street Corp grew its stake by 1.0%, while Geode Capital Management LLC increased its position by 1.5%. Capital World Investors boosted its holdings by 29.2% during the fourth quarter.