UBS AM Trims Stake in Apple by Selling Over 1.5 Million Shares

UBS AM, a distinct business unit of UBS Asset Management Americas LLC, has made significant adjustments to its investment portfolio in Apple Inc. (NASDAQ:AAPL) shares.

In its most recent Form 13F filing with the Securities & Exchange Commission, the firm revealed it had reduced its position in Apple by selling 1,509,444 shares during the second quarter.

This reduction brought UBS AM's ownership stake to 104,001,309 shares, which represents approximately 0.71% of Apple's outstanding shares and $30,093,819,000 in value at the end of the most recent quarter.

The sale accounts for a mere 1.4% decrease in UBS AM's holdings in Apple, indicating that the firm remains heavily invested in the tech giant.