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Stonebridge Takes New Stake in IBM

Guavy AI Editorial Team
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IBM
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Stonebridge Capital Management Inc., a financial institution, has recently acquired a new stake in International Business Machines Corporation (IBM). The investment firm purchased 12,900 shares of IBM's stock in the second quarter, valued at approximately $3.63 million.

This represents 1.7% of Stonebridge Capital Management Inc.'s investment portfolio and makes IBM its 20th largest holding. Several other hedge funds have also bought or sold shares of IBM recently, with 58.96% of the stock owned by institutional investors and hedge funds.

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