Wealth Management Strategies Inc. Buys New Stake in International Business Machines Corporation

Wealth Management Strategies Inc. has purchased a new stake in International Business Machines Corporation (IBM), valued at approximately $667,000.

The fund acquired 2,371 shares of IBM's stock during the 2nd quarter and it comprises 0.3% of Wealth Management Strategies Inc.'s holdings, making it its 12th largest holding.

This is not an isolated incident as other large investors have also modified their holdings of IBM in recent quarters. Basepoint Wealth LLC acquired a new stake worth $25,000, while Portus Wealth Advisors LLC and Harborfront Financial Group LLC purchased new positions valued at approximately $26,000 and $27,000 respectively.

The company's 50-day simple moving average is $237.79 and its 200-day simple moving average is $246.38. The firm has a market capitalization of $220.51 billion and a price-to-earnings ratio of 20.77.