Westpac Buys into IBM with $2.3 Million Stake Purchase

Westpac Banking Corp has acquired a new stake in International Business Machines Corporation (IBM) as disclosed in its latest Form 13F filing. The institutional investor purchased 8,100 shares of IBM's stock, valued at approximately $2,278,000.

This is not the only recent investment in IBM by Westpac Banking Corp. In fact, several other hedge funds and institutions have also made new positions in the company. TRB Wealth Management LLC acquired a new position worth $1,325,000, while Sumitomo Life Insurance Co. purchased shares valued at $1,364,000.

Korea Investment CORP also acquired a significant stake in IBM, worth approximately $177,631,000. Additionally, EP Wealth Advisors LLC bought a new stake in shares of IBM, valued at $15,691,000.