Argent Trims Stake in Apple Amid Increased Holdings by Other Firms

Argent Capital Management LLC has trimmed its stake in Apple Inc.'s (NASDAQ:AAPL) shares by 6.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,110 shares of the iPhone maker's stock after selling 22,947 shares during the quarter.

Apple accounts for 2.8% of Argent Capital Management LLC's holdings, making the stock its 9th largest holding. The firm's holdings in Apple were worth $87,839,000 as of its most recent filing with the SEC.

Vanguard Group Inc., another institutional investor, increased its position in shares of Apple by 1.9% in the fourth quarter and now owns over 1.4 billion shares valued at nearly $387.8 billion.