Visionary Wealth Advisors Buys IBM Shares Worth $943,000

Visionary Wealth Advisors has acquired shares of International Business Machines Corporation (NYSE:IBM), purchasing 3,352 shares valued at approximately $943,000.

This is not an isolated move, as several other institutional investors and hedge funds have also made changes to their positions in IBM during the second quarter. VIRGINIA RETIREMENT SYSTEMS ET Al, for example, raised its position in International Business Machines by 424.6% in the fourth quarter, owning 260,740 shares valued at $77,234,000.

The company's stock opened at $234.77 on Tuesday and has a market capitalization of $221.18 billion, with a PE ratio of 20.83 and a P/E/G ratio of 2.24.