Merited Wealth LLC Snaps Up New Stake in Apple Inc.
Merited Wealth LLC, an investment firm, has acquired a new stake in Apple Inc.'s shares during the second quarter. According to its latest 13F filing with the Securities & Exchange Commission, Merited Wealth purchased approximately $1.868 million worth of Apple's stock, which amounts to 6,454 shares.
This represents about 1.3% of Merited Wealth's investment portfolio and is currently their 14th biggest holding in the company. Several other hedge funds and institutional investors have also added new stakes or increased existing positions in Apple during the same period.
Notably, Legal & General Group Plc bought a new stake valued at $30.443 billion, Deutsche Bank AG acquired a position worth around $13.658 billion, and Mitsubishi UFJ Asset Management Co. Ltd. purchased shares valued at approximately $10.588 billion.