SCS Capital Management Invests Heavily in IBM Stock
According to MarketBeat, SCS Capital Management LLC acquired a new stake in International Business Machines Corporation (NYSE:IBM) worth $9.25 million during the second quarter.
The institutional investor bought 32,909 shares of IBM's stock, which is valued at approximately $9,254,000.
This is not an isolated investment; several other hedge funds have also recently purchased and sold shares of IBM.