Apple Shareholder Sells 1,909 Shares as Institutional Ownership Reaches New High
Paul R. Ried Financial Group LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by selling 1,909 shares during the first quarter.
The institutional investor owned 29,176 shares of the iPhone maker's stock after the sale, which represents a 6.1% decrease from its previous position.
Apple accounts for approximately 3.4% of Paul R. Ried Financial Group LLC's holdings, making it their 10th largest holding.
The total value of Apple shares held by the company was $7,405,000 at the end of the quarter.