Vega Takes $1.22 Million Stake in IBM Amid Hedge Fund Buying Spree

Vega Investment Solutions recently acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM), buying approximately $1.22 million worth of stock during the second quarter.

The firm purchased 4,330 shares at an average price of $230.32 per share, according to its latest Form 13F filing with the Securities and Exchange Commission.

This is not the only recent stake in IBM - a number of other hedge funds have also bought or sold shares of the company in recent quarters, including Basepoint Wealth LLC, Portus Wealth Advisors LLC, Harborfront Financial Group LLC, Cornerstone Financial Management LLC, and Hara Capital LLC.