Campbell Newman Asset Management Trims Apple Holdings by 7.8%

Campbell Newman Asset Management Inc., a financial institution, has reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 7.8% during the second quarter.

The institutional investor sold 24,179 shares of the iPhone maker's stock, leaving it with 286,001 shares worth $82,757,000 at the end of the most recent quarter.

This represents about 6.1% of Campbell Newman Asset Management Inc.'s investment portfolio, making Apple its second-largest position.