Stocks
Spahn Wealth & Retirement LLC Reduces Apple Stake by 10.3%
Spahn Wealth & Retirement LLC has trimmed its holdings in Apple Inc. (NASDAQ:AAPL), reducing its stake by 10.3% in the first quarter, according to a recent disclosure with the Securities & Exchange Commission.
The fund now owns 22,214 shares of the iPhone maker's stock after selling 2,542 shares during the quarter. Apple comprises 7.2% of Spahn Wealth & Retirement LLC's portfolio, making it the company's 5th biggest holding.
The holdings in Apple are worth $5,638,000 as of its most recent SEC filing. This is not an isolated case, as several other institutional investors and hedge funds have also added to or reduced their stakes in AAPL this quarter.