Stocks
Van ECK Associates Corp Boosts Stake in International Business Machines Corporation
Van ECK Associates Corp has increased its holdings in International Business Machines Corporation (NYSE:IBM) by 38.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission.
The fund owned 152,995 shares of IBM's stock after acquiring an additional 42,686 shares during the quarter, valued at $43,024,000 as of its most recent filing.
This is not an isolated instance, as several other hedge funds have also modified their holdings in IBM recently. Monetta Financial Services Inc., Northstar Asset Management Inc., Nissay Asset Management Corp Japan, Navellier & Associates Inc., and BNP Paribas all increased their stakes in the company during the second quarter.