Magnolia Capital Advisors Buys $18M Worth of Apple Stock

Magnolia Capital Advisors LLC made headlines by purchasing 61,693 shares of Apple Inc. stock during the second quarter, valued at approximately $17,851,000.

This move marked a new position for Magnolia Capital Advisors in Apple's stock, which accounts for 3.1% of their investment portfolio and is now their fourth-largest holding.

The institutional investor's purchase was not an isolated incident, as several other hedge funds have also made moves to buy or increase their stakes in Apple over the past few quarters.