Stocks
Capital Square LLC Acquires New Stake in Apple Inc.
Capital Square LLC has acquired a new position in Apple Inc. (NASDAQ:AAPL), purchasing 13,324 shares of the iPhone maker's stock valued at approximately $4,201,000 in the second quarter.
This acquisition represents about 1.8% of Capital Square LLC's holdings and ranks as its 7th biggest holding. Other institutional investors have also made significant purchases in AAPL, including Prospect Hill Management LLC, Focus Partners Advisor Solutions LLC, Wealthfront Advisers LLC, and Sterling Financial Planning Inc.
The iPhone 18 demand remains strong, with long customer lines in India suggesting that Apple's premium pricing has not weakened demand in a key growth market. However, regional trends are mixed, with China remaining a concern.