Visionary Wealth Advisors Bets Big on Apple with $116.8 Million Stake
Visionary Wealth Advisors, an institutional investor, has acquired a new stake in Apple Inc. (NASDAQ:AAPL) worth approximately $116.8 million. The company purchased 403,814 shares of AAPL during the second quarter, according to its latest 13F filing with the Securities and Exchange Commission.
This investment represents about 4.6% of Visionary Wealth Advisors' portfolio, making Apple its fourth-largest holding. Several other institutional investors have also increased their stakes in AAPL recently, including Deutsche Bank AG, Mitsubishi UFJ Asset Management Co. Ltd., Diamant Asset Management Inc., and Amundi.
The purchase price of $116.8 million represents a significant investment by Visionary Wealth Advisors in Apple's stock. The company's investment portfolio is valued at over $2.5 billion, according to the latest available data.