Apple Stock Sees Increased Stake from JNBA Financial Advisors Amid Patent Verdict Concerns
JNBA Financial Advisors increased its stake in Apple Inc. (NASDAQ:AAPL) by 6.1% during the second quarter, according to a recent Form 13F filing with the SEC.
The firm now owns approximately 31,180 shares of Apple's stock, valued at $9,022,000 as of its most recent filing.
This is not an isolated move - other hedge funds have also made significant changes to their positions in Apple during this period. Berkshire Hathaway Inc acquired a new stake worth approximately $65,950,297,000 in the second quarter, while Bank of America Corp DE purchased a new position valued at around $36,986,090,000.
Apple's recent patent verdict has raised concerns about additional royalties and pressure on hardware margins. The company was ordered to pay $5.7 billion over Taptic Engine patent claims, sparking questions about its royalty structure.