Stonebridge Capital Management Inc. Takes Position in International Business Machines Corporation $IBM

Stonebridge Capital Management Inc. acquired a new stake in International Business Machines Corporation (NYSE:IBM – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 12,900 shares of the technology company’s stock, valued at approximately $3,628,000. International Business Machines comprises 1.7% of Stonebridge Capital Management Inc.’s investment portfolio, making the stock its 20th largest holding. Several other hedge funds have also recently bought and sold shares of the business. Basepoint Wealth LLC acquired a new stake in shares of International Business Machines in the fourth quarter worth about $25,000. Portus Wealth Advisors LLC acquired a new position in shares of International Business Machines during…