Asset Allocation Strategies LLC Acquires New Stake in Apple Inc.

Asset Allocation Strategies LLC, an institutional investor, has acquired a new stake in Apple Inc. (NASDAQ:AAPL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The company acquired 8,807 shares of Apple's stock, valued at approximately $2,548,000.

This represents about 0.4% of Asset Allocation Strategies LLC's investment portfolio, making Apple its 22nd biggest position. Other hedge funds have also modified their holdings of AAPL, including Ruggaard & Associates LLC, Equitable Holdings Inc., Centaurus Financial Inc., Reality Financial Planning Services LLC, and Larch Capital Partners LLC.

Institutional investors and hedge funds own approximately 67.73% of Apple's stock. The company has a market cap of $4.94 trillion, a price-to-earnings ratio of 38.81, and a beta of 1.08. Apple's revenue for the second quarter was up 16.4% compared to the same period last year.