Curry Webb Wealth Management Acquires New Stake in Apple

Curry Webb Wealth Management LLC recently acquired a new position in Apple Inc. (NASDAQ:AAPL) during the first quarter, as revealed by its latest filing with the Securities & Exchange Commission.

The institutional investor purchased 4,277 shares of the iPhone maker's stock, valued at approximately $1,086,000.

This is not an isolated incident; other hedge funds have also been buying and selling Apple shares. Rainier Family Wealth Inc., for instance, raised its stake in Apple by 14.1% during the first quarter, bringing its total holdings to 24,386 shares valued at $6,189,000.

Apple's quarterly revenue was up 16.4% on a year-over-year basis, and the company has a market cap of $4.46 trillion with a P/E ratio of 35.08.