Uptick Partners Acquires New Stake in IBM
Uptick Partners LLC recently acquired a new stake in International Business Machines Corporation (NYSE:IBM) shares, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,724 shares of the technology company's stock, valued at approximately $1,047,000.
This is not an isolated instance; several other institutional investors have also bought new stakes in IBM during the second quarter. Basepoint Wealth LLC acquired a new stake in the company worth around $25,000, while Cornerstone Financial Management LLC and Harborfront Financial Group LLC purchased new positions valued at approximately $28,000 and $27,000, respectively.
Notably, Bare Financial Services Inc grew its position in IBM by 114.6% during the second quarter. As a result, the company now owns 103 shares of IBM's stock, valued at $29,000.