Rational Advisors Sells $800K Worth of AAPL Stock Amid Ongoing Patent Disputes
Rational Advisors Inc., a financial institution, has made adjustments to its holdings in Apple Inc. (NASDAQ:AAPL) stock. According to a recent Form 13F filing with the Securities and Exchange Commission (SEC), Rational Advisors lowered its position in shares of Apple by 24.8% during the second quarter.
The firm owned 15,510 shares of Apple's stock after selling 5,104 shares during the quarter. These holdings were worth $4,488,000 as of the company's most recent SEC filing.
This change is part of a broader trend in Apple's institutional ownership. A significant portion, 67.73%, of Apple's stock is owned by hedge funds and other institutional investors.