Stocks
Gateway Wealth Partners LLC Boosts Holdings in Apple Inc.
Gateway Wealth Partners LLC, an institutional investor, has significantly increased its holdings in Apple Inc. (NASDAQ:AAPL) by 155.4% during the first quarter, according to a recent Securities and Exchange Commission filing.
The company now owns 214,976 shares of Apple's stock, which is worth $54,559,000, making it the second-largest position in its holdings.
Apple makes up 2.1% of Gateway Wealth Partners LLC's holdings, with a debt-to-equity ratio of 0.66 and a current ratio of 1.00.
The iPhone maker recently posted quarterly earnings results that beat analyst expectations, with $2.02 EPS for the quarter and revenue of $109.42 billion, up 16.4% from last year.