Primecap Management Co. CA Acquires New Stake in Apple Inc.

Primecap Management Co. CA has acquired a new stake in Apple Inc. (NASDAQ:AAPL) worth approximately $509,528,000 through its most recent 13F filing with the Securities & Exchange Commission.

The institutional investor purchased 1,760,880 shares of Apple's stock during the second quarter.

This is not an isolated instance, as other institutional investors and hedge funds have also been making moves in AAPL. Legal & General Group Plc acquired a new stake in shares of Apple valued at approximately $30,443,242,000, while Deutsche Bank AG bought a new position in the company worth $13,658,359,000.

Diamant Asset Management Inc. increased its position in shares of Apple by 24,974.3% during the first quarter and now owns 26,614,323 shares of the iPhone maker's stock valued at $6,754,449,000.