West Family Invests Heavily in IBM as Institutional Interest Swells
West Family Investments Inc. recently invested $1.24 million in International Business Machines Corporation (NYSE:IBM), purchasing 4,412 shares of its stock. This investment was disclosed in a filing with the Securities and Exchange Commission (SEC) for the second quarter.
The purchase price per share is approximately $230,000, which valued the total investment at around $1.24 million. West Family Investments Inc. did not previously own any shares of IBM before this purchase.
This investment marks one of several large purchases by various institutional investors in the second quarter. Other notable buyers include Bantamac Capital LLC and NewEdge Wealth LLC, which both acquired new positions in IBM valued at around $787,000 and $64.72 million, respectively.