Sumitomo Life Insurance Co. Invests in IBM
Sumitomo Life Insurance Co. has made a new investment in International Business Machines Corporation (IBM), according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor acquired 4,850 shares of IBM's stock, valued at approximately $1,364,000, during the 2nd quarter.
This is not the only new investment in IBM. Other large investors also recently added to or reduced their stakes in the company.