Apple Stock Surges as Institutional Investors Boost Holdings

Ausdal Financial Partners Inc., a financial firm, has recently purchased 218,771 shares of Apple Inc. (NASDAQ:AAPL) stock during the second quarter, according to its SEC filing.

The total value of the purchase is approximately $63,304,000, making it Ausdal's 8th biggest position in their holdings, which account for 2.5% of the firm's portfolio.

This is not an isolated instance; several other hedge funds and institutional investors have also bought new stakes in Apple during this quarter.