Trust Asset Management Trims Stake in Apple
Trust Asset Management LLC recently trimmed its stake in Apple Inc.'s stock by 2.7% during the second quarter, according to a recent filing with the Securities and Exchange Commission.
The firm sold 4,448 shares of Apple's stock, leaving it with 163,144 shares worth $47,000 as of its most recent filing.
This move was part of a broader trend in which several institutional investors modified their holdings in Apple during the second quarter.