EFG Invests Big in Apple with $178M Stake

EFG International AG has made a significant investment in Apple Inc. (NASDAQ:AAPL) during the second quarter, purchasing 617,764 shares worth approximately $178,796,000.

This acquisition represents around 3.3% of EFG International AG's holdings and makes Apple its 5th largest holding.

According to the company's recent filing with the Securities and Exchange Commission (SEC), several other institutional investors have also added or reduced their stakes in Apple during the second quarter.