WNY Asset Management Buys $18.85M Worth of Apple Stock
Apple Inc.'s (NASDAQ:AAPL) stock continues to attract major institutional investors. According to its most recent disclosure with the SEC, WNY Asset Management LLC acquired a new stake in shares of Apple during the 2nd quarter. The fund purchased 65,147 shares of the iPhone maker's stock, valued at approximately $18,851,000.
This acquisition makes up about 1.7% of WNY Asset Management LLC's portfolio, placing Apple as its 12th biggest position among all stocks held by the firm.
Other notable institutional investors have also been buying into Apple in recent quarters. Berkshire Hathaway Inc purchased a new stake in Apple in the second quarter worth $65,950,297,000. Bank of America Corp DE bought a new position in Apple in the second quarter worth $36,986,090,000.
Apple's stock price has been performing well, with shares opening at $338.40 on Tuesday. The company has a market capitalization of $4.94 trillion and a beta of 1.08.