Stocks
Simplicity Wealth Invests $8.35 Million in International Business Machines Corporation
Simplicity Wealth LLC has invested $8.35 million in International Business Machines Corporation (IBM), purchasing 29,704 shares of its stock during the second quarter.
This is not the first investment made by Simplicity Wealth in IBM, as several other hedge funds have also modified their holdings in the company.
In related news, SVP Robert David Thomas sold 25,000 shares of the company's stock on August 26th at an average price of $230.32, reducing his ownership stake by 34.34% to 47,800 shares valued at approximately $11 million.