Valley Wealth Managers Cuts Apple Holdings Amid Market Volatility
Valley Wealth Managers Inc., an investment firm, decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 4.8% during the first quarter, according to a recent disclosure with the Securities and Exchange Commission.
The fund owned 183,348 shares of Apple's stock after selling 9,165 shares during the quarter. Apple accounts for about 3.0% of Valley Wealth Managers Inc.'s investment portfolio, making the stock its second largest position.
Valley Wealth Managers Inc.'s holdings in Apple were worth $46,532,000 at the end of the most recent quarter.
The institutional investors have also added to or reduced their stakes in AAPL. Vanguard Group Inc. lifted its position in Apple by 1.9% during the fourth quarter and now owns 1,426,283,914 shares valued at $387,749,545,000.