VectorGlobal Takes $7.72M Stake in IBM Amid Hedge Fund Buying Spree

VectorGlobal IAG Inc., an institutional investor, has taken a significant position in International Business Machines Corporation (IBM), purchasing 31,865 shares valued at approximately $7.72 million during the first quarter.

This investment accounts for about 2% of VectorGlobal's portfolio and ranks as its 27th largest holding.

Several other hedge funds have also made adjustments to their holdings in IBM, with McGowan Group Asset Management Inc., Exencial Wealth Advisors LLC, Howard Capital Management Inc., Prasad Wealth Partners LLC, and Orca Wealth Management LLC increasing their positions by small increments.