Gambit Capital Acquires New Stake in Apple

Gambit Capital Management LLC has acquired a new position in shares of Apple Inc. during the second quarter, according to its most recent filing with the Securities and Exchange Commission.

The firm acquired 9,814 shares of Apple's stock, valued at approximately $2,840,000, making it the company's 11th largest holding, accounting for about 1.7% of Gambit Capital Management LLC's holdings.

This acquisition is just one of several similar moves by institutional investors in the second quarter. Sterling Wealth Management Inc., for example, raised its stake in Apple by 0.3%, owning 11,579 shares worth $3,351,000 after purchasing an additional 30 shares in the last quarter.