First Bancorp Invests Heavily in Apple Stock, Boosting Market Value

First Bancorp Inc ME has invested in Apple Inc's stock, purchasing 21,970 shares valued at approximately $6.37 million during the second quarter.

This purchase makes up 2.5% of First Bancorp Inc ME's portfolio and is its seventh-largest position among Apple stocks.

Other hedge funds have also bought or increased their stakes in AAPL, including Roberts Glore & Co. Inc., PMV Capital Advisers LLC, Valtrion Capital Management LLC, and Wedbush Fund Advisers LLC.

Apple's market capitalization is $4.98 trillion, with a price-to-earnings ratio of 39.11 and a PEG ratio of 2.96.