Apple Attracts Big Bets from Institutional Investors
Heartland Advisors Inc., an investment firm, has acquired a new position in Apple Inc. (NASDAQ:AAPL) shares valued at approximately $1,154,000. This purchase was made during the second quarter and represents just one of many recent investments by institutional investors in Apple.
The total value of Heartland's acquisition is $1,154,000 for 3,989 shares. Other hedge funds and institutional investors have also increased their stakes in AAPL during this time period, including Longfellow Investment Management Co., Lifetime Wealth Management P.C., Basso Capital Management L.P., Bard Associates Inc., and MidAtlantic Capital Management Inc.
Insider buying and selling activity has also been notable. In a recent transaction, SVP Jennifer Newstead sold 1,439 shares of Apple's stock at an average price of $317.01 for a total value of $456,177.39.