Wedbush Boosts Stake in IBM Amid Quantum Computing Hype

Wedbush Fund Advisers LLC increased its stake in International Business Machines (IBM) by 11.4% during the second quarter, according to a recent filing with the Securities and Exchange Commission.

The firm now owns approximately 144,737 shares of IBM's stock, which represents about 3.6% of its portfolio.

This is not an isolated instance, as several other large investors have also boosted their stakes in IBM recently, including VIRGINIA RETIREMENT SYSTEMS ET Al and Assetmark Inc.