Encore Global Management LP Takes Position in International Business Machines Corporation $IBM

Encore Global Management LP acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,000 shares of the technology company’s stock, valued at approximately $1,454,000. Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in International Business Machines in the 4th quarter valued at $2,446,429,000. Capital World Investors raised its position in shares of International Business Machines by 29.2% in the fourth quarter. Capital World Investors now owns 22,021,912 shares…