Redwood Invests Big in Apple
Redwood Investment Management LLC has acquired a new stake in Apple Inc. (NASDAQ:AAPL), purchasing 55,173 shares of the iPhone maker's stock valued at approximately $15,965,000.
This investment accounts for 1.6% of Redwood Investment Management LLC's portfolio, making it their 12th largest position.
The fund's new stake in Apple is not an isolated incident, as other institutional investors and hedge funds have also recently bought shares of the company.