CI Investments Cuts Stake in Apple Amid Ongoing Market Pressures

CI Investments Inc., a major investor in tech companies, has reduced its stake in Apple Inc. by 1.1% during the first quarter, according to a recent filing with the Securities & Exchange Commission.

The firm owned 2,334,524 shares of Apple's stock after selling 27,119 shares during the period. This represents approximately $592,479,000 in holdings for CI Investments Inc., making Apple its 6th biggest position at 2.9% of its investment portfolio.

This isn't the only change in ownership of Apple. Several other large investors have recently modified their holdings of the stock. For example, Lifetime Wealth Management P.C. purchased a new stake in Apple worth about $41,000 during the fourth quarter.