Encore Global Acquires $1.9M Worth of Apple Stock

Encore Global Management LP has acquired 7,500 shares of Apple Inc. (NASDAQ:AAPL) stock in the first quarter, according to a recent disclosure with the Securities and Exchange Commission.

The firm purchased the shares for approximately $1,903,000, valuing them at around $253 per share. This is not the only recent activity involving institutional investors and hedge funds.

Other firms have also bought and sold Apple stock in recent quarters. Lifetime Wealth Management P.C., for example, acquired a new position worth $41,000 in Apple during the fourth quarter.

ROSS JOHNSON & Associates LLC increased its stake in Apple by 1,800% in the first quarter, growing its holdings to 190 shares valued at around $42,000.