Stocks
Veratis Advisors Doubles Down on IBM Amid Quantum Computing Hype
Veratis Advisors Inc., an investment firm, has made a significant move in the tech sector by acquiring a new stake in International Business Machines Corporation (IBM).
According to the most recent SEC filing, Veratis acquired 2,194 shares of IBM's stock during the second quarter, valued at approximately $617,000. This acquisition represents about 0.4% of Veratis' total holdings, making it their 29th largest holding.
This is not an isolated incident, as several other hedge funds and institutional investors have also made changes to their positions in IBM during the second quarter.