Stocks
Strait & Sound Picks Up New Stake in IBM Worth Over $1.8 Million
Strait & Sound Wealth Management LLC has acquired a new stake in International Business Machines Corporation (NYSE:IBM) worth approximately $1,843,000. The fund purchased 6,554 shares of IBM's stock during the second quarter.
This is not an isolated incident; other institutional investors have also modified their holdings of the company recently. BlackRock Inc., for example, acquired a new stake in International Business Machines during the same period worth about $21,586,659,000.
IBM's stock performance has been mixed lately. Shares opened at $234.06 on Friday and have a market capitalization of $220.51 billion. The company's 50-day moving average price is $237.79, and its 200-day moving average price is $246.38.