Apple Becomes 19th Largest Position for 49 Wealth Management LLC
A new stake in Apple Inc.'s (NASDAQ:AAPL) stock has been purchased by 49 Wealth Management LLC, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,837 shares of the iPhone maker's stock during the second quarter, valued at approximately $5.74 million.
This represents about 0.7% of 49 Wealth Management LLC's holdings, making Apple its 19th largest position among the company's portfolio. Several other institutional investors and hedge funds have also made changes to their positions in the business.
In addition to 49 Wealth Management LLC, Avenir Tech Ltd purchased a new position in shares of Apple in the second quarter worth about $29,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Apple in the second quarter valued at about $30,000.