Pacer Advisors Cuts Apple Holdings by 34%
Pacer Advisors Inc., a large institutional investor, significantly reduced its holdings in Apple Inc. (AAPL) in the first quarter of this year.
The company decreased its Apple stock by 34% and now owns approximately $264.9 million worth of shares.
This move was part of Pacer Advisors' quarterly filing with the Securities & Exchange Commission, which revealed that the firm had sold 536,598 shares during the period, leaving it with a remaining stake of 1,043,726 shares in Apple.