Stocks
Wealth Effects Invests $4.18 Million in IBM
Wealth Effects LLC has made a significant investment in International Business Machines Corporation (NYSE:IBM), acquiring 14,855 shares of the technology company's stock worth approximately $4.18 million.
This represents about 1.1% of Wealth Effects LLC's holdings and makes IBM its 16th largest position.
Other institutional investors have also increased their stakes in IBM, including VIRGINIA RETIREMENT SYSTEMS ET Al, which boosted its position by 424.6% in the fourth quarter, and GLOBALT Investments LLC GA, which grew its holdings by 19.1% during the same period.