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Apple Shareholder Sells 1,909 Shares as Institutional Ownership Reaches New High

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AAPL
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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.

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