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Sterneck Capital Management Cuts Stake in International Business Machines

Guavy AI Editorial Team
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IBM
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Sterneck Capital Management LLC has reduced its stake in International Business Machines Corporation (NYSE:IBM) by 17.0% during the 2nd quarter, according to its latest 13F filing with the Securities & Exchange Commission.

The institutional investor owned 11,034 shares of IBM's stock after selling 2,256 shares during the period. This accounts for approximately 1.3% of Sterneck Capital Management LLC's holdings, making it the company's 17th biggest holding.

The value of its IBM holdings was $3,103,000 as of its most recent SEC filing.

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