Glenview Trust Co Invests Heavily in Apple Stock
Glenview Trust Co has invested in Apple Inc., purchasing 1,099,172 shares of its stock in the second quarter. The value of this investment is approximately $318 million. This purchase represents about 3% of Glenview's portfolio and makes Apple its fourth-largest position.
Other institutional investors have also made changes to their stakes in Apple during the second quarter. Avenir Tech Ltd acquired a new position worth $29,000, while Longfellow Investment Management Co. LLC purchased a new stake valued at $30,000. Lifetime Wealth Management P.C. bought a new stake worth $41,000.
Ascentis Wealth Management LLC increased its holdings in Apple by 823% during the second quarter. The company now owns 292,493 shares of Apple's stock, which is worth about $85,000. Basso Capital Management L.P. also purchased a new stake in Apple during the fourth quarter, valued at approximately $88,000.
Institutional investors and hedge funds collectively own around 67.73% of Apple's stock. The company has a market capitalization of over $4 trillion and has seen its revenue grow by 16.4% year-over-year. In addition to its investment in Apple, Glenview Trust Co also holds positions in other companies.