Apple Stock Attracts Major Investors Amid Increasing Institutional Ownership
Valueworks LLC acquired 13,842 shares of Apple Inc.'s stock worth approximately $4.01 million in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
This is not an isolated instance, as several other hedge funds have also made changes to their positions in AAPL recently. For example, Berkshire Hathaway Inc. bought a new position in Apple worth around $65.95 billion, while Bank of America Corp DE purchased a new stake valued at approximately $36.99 billion.
Nuveen LLC boosted its holdings in shares of Apple by 3.8% in the fourth quarter and now owns 75 million shares valued at over $20.39 billion. Amundi also increased its stakes in AAPL by 23.2% in the first quarter, acquiring an additional 13.78 million shares.
The collective ownership of Apple's stock by institutional investors stands at around 67.73%. This trend suggests a significant increase in investor confidence and interest in the tech giant.