G2 Capital Acquires New Position in Apple Stock

G2 Capital Management LLC OH, an institutional investor, has taken a new position in Apple Inc. (NASDAQ:AAPL) shares. In its most recent Form 13F filing with the Securities and Exchange Commission (SEC), the company revealed that it acquired 39,396 shares of Apple's stock in the second quarter, valued at approximately $11,400,000.

This new position makes up about 2.5% of G2 Capital Management LLC OH's investment portfolio, ranking Apple as its eighth biggest holding.

Apple has been performing well, with a recent earnings report beating expectations and a growing revenue stream. The company's stock price is near its 52-week high and close to technical breakout levels.