Covington Investment Advisors Trims Apple Stake by 1.5%

Covington Investment Advisors Inc., a financial institution, has made adjustments to its holdings in Apple Inc. (NASDAQ:AAPL). In the second quarter, Covington Investment Advisors reduced its stake in Apple by 1.5% and now owns 107,968 shares of the company's stock.

The value of Covington Investment Advisors' holdings in Apple is approximately $31.24 million, making it a significant position in their portfolio, accounting for around 4% of their overall assets.

This adjustment comes as part of a broader trend among institutional investors who have been buying and selling Apple shares in recent periods.