Stocks
Cadence Wealth Invests Heavily in Apple Amid Institutional Buying Spree
Cadence Wealth Management LLC has invested $661,000 in Apple Inc. (NASDAQ:AAPL), purchasing 2,286 shares of the company's stock during the second quarter.
This is not the only significant investment made by Cadence Wealth Management in Apple; other institutional investors have also bought new stakes in the company, with Academy Capital Management acquiring a stake worth $79 million and CFO4Life Group LLC buying a position valued at approximately $34.7 million.
Institutional investors own 67.73% of Apple's stock, according to the SEC filing.
Separately, SVP Jennifer Newstead sold 1,438 shares of Apple stock on September 15th for an average price of $330.19 per share, resulting in a total value of $474,813.22.