Asset Management Cuts Apple Stake Amid Ongoing AI-Driven Supply Crunch
Asset Management Group Inc. has reduced its holding in Apple stock by selling 3,800 shares during the first quarter of this year.
The institutional investor owned 91,941 shares of Apple's stock after the sale, which is equivalent to about 3.8% of their portfolio.
This makes Apple their second biggest position, with a value of $23.34 million at the end of the most recent quarter.