Expressive Wealth LLC Invests in Apple Inc. Amid Strong Earnings and Growing AI Presence
Financial news outlet MarketBeat reported that Expressive Wealth LLC bought a new stake in Apple Inc. ($AAPL) valued at approximately $1,955,000 during the second quarter. The fund purchased 6,757 shares of the iPhone maker's stock and holds it as its 10th largest holding, accounting for 1.8% of its investment portfolio.
Expressive Wealth LLC is not alone in its investment in Apple Inc., as a number of other hedge funds have also recently added to or reduced their stakes in the company. Gambit Capital Management LLC purchased a new position in Apple in the second quarter valued at $2,840,000, while Fund Advisors of America Inc. FL and Heartland Advisors Inc. acquired new stakes in shares of Apple during the 2nd quarter worth about $6,095,000 and $1,154,000 respectively.
Overall, institutional investors hold a significant portion of Apple's stock, with 67.73% owned by hedge funds and other institutional investors.