Elite Wealth Boosts Apple Holdings Amid Strong Revenue Growth
Apple Inc.'s stock holdings have been increased by Elite Wealth Management Inc. in the first quarter, according to a recent disclosure with the Securities and Exchange Commission.
The institutional investor purchased an additional 10,794 shares of Apple's stock during the quarter, boosting its position by 34.1%. At the end of the most recent quarter, Elite Wealth Management Inc.'s holdings in Apple were worth $10,777,000 and made up 3.5% of its portfolio.
Other institutional investors have also added to or reduced their stakes in Apple during the first quarter. Rainier Family Wealth Inc. increased its stake by 14.1%, while Eaton Cambridge Inc. raised its holdings by 21.3%. Summit Wealth Partners LLC lifted its stake by 108.3% and Torren Management LLC bought a new position.
Hedge funds and other institutional investors own approximately 67.73% of Apple's stock, according to the most recent data available.