American National Bank trimmed its position in International Business Machines Co. ( NYSE:IBM – Free Report ) by 6.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,868 shares of the technology company's stock after selling 186 shares during the quarter. American National Bank's holdings in International Business Machines were worth $384,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.

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