Arete Wealth Advisors Sells Majority of Apple Stake

Apple's stock has seen some changes in its ownership structure recently. Arete Wealth Advisors LLC, an institutional investor, reduced its stake in Apple Inc. (NASDAQ:AAPL) by 58.7% in the first quarter, according to a recent 13F filing with the Securities and Exchange Commission.

The firm sold 94,314 shares during this period, leaving it with 66,329 shares of Apple's stock. This represents approximately 1.2% of Arete Wealth Advisors LLC's total holdings, making Apple its 21st biggest position.

The value of these shares was $16,834,000 at the end of the most recent reporting period.