Whalen Wealth Invests $1.8 Million in International Business Machines
Whalen Wealth Management Inc., a financial services company, has purchased a new position in International Business Machines Corporation (IBM) during the second quarter. According to its most recent filing with the Securities and Exchange Commission (SEC), Whalen Wealth bought 6,459 shares of IBM's stock valued at approximately $1,816,000. This acquisition makes up 0.8% of their portfolio, making it their 26th largest position.
Whalen Wealth is not alone in its investment in IBM. Several other institutional investors have also modified their holdings of the technology company during this period. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings by 424.6% and now owns 260,740 shares worth $77,234,000.
IBM's principal businesses include cloud computing and software, infrastructure and systems, consulting and technology services, and research and development. The company has a market capitalization of $221.18 billion, with a price-to-earnings ratio of 20.83 and a P/E/G ratio of 2.24.