Gateway Wealth Partners Boosts Stake in Apple Amid Strong Financial Performance
Gateway Wealth Partners LLC significantly increased its stake in Apple Inc. (NASDAQ:AAPL) during the first quarter, purchasing an additional 130,820 shares. As a result, Gateway Wealth Partners now owns 214,976 shares of Apple stock, valued at $54,559,000.
This represents a 155.4% increase in the firm's holdings and makes Apple its second-largest position, accounting for 2.1% of its total portfolio. The investment firm's increased stake in Apple comes as the tech giant continues to perform well financially, with revenue up 16.4% year-over-year during the latest quarter.
Other institutional investors have also been buying into Apple stock, including Lifetime Wealth Management P.C., ROSS JOHNSON & Associates LLC, LSV Asset Management, Timmons Wealth Management LLC, and Inspire Investing LLC.