Apple Stock: 2 Financial Firms Dump AAPL & Trim Their Holdings
Apple stock closed Monday’s bell at $228 and dipped nearly 3.4% in the day’s trade. AAPL is experiencing a downturn as it shed close to 7% in the last 30 days. The stock is struggling to climb above the $240 mark and is slipping to the $220 level every time it reaches the mark. The price stagnation is worrisome as it carries trillions of dollars worth of trade in its market cap. A decline could prove costly and could also drag other stocks down along with it.
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On the heels of the price drop, two leading financial institutional firms have sold Apple stock and trimmed their holdings. The development is adding pressure on AAPL as institutional investors are booking profits and jumping ship. Read here to know a realistic price prediction on how high Apple stock could trade this year in 2025.
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AAPL Stock: 2 Institutional Funds Dump Apple Stock
The latest 13F filing shows that Mirabella Financial Services LLP sold its position in Apple stock by 96.3% in Q3 of 2024. The financial firm sold 52,918 worth of shares during Q3 and now holds only 2,014 worth of AAPL shares. Mirabella Financial Services LLP’s Apple holdings were worth $469,000 at the end of the quarter.
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In addition, Private Trust Co has also reduced its position in Apple stock and has sold 1.7% of its holdings, according to the latest 13F filing submitted to the US Securities and Exchange Commission (SEC). Private Trust Co owns 149,338 AAPL shares and dumped 2,632 shares during the Q3 of 2024. Overall, Apple substitutes 3.5% of the overall portfolio of the institutional fund. They hold a whopping $34,796,000 worth of AAPL shares in the recent reporting.
Several other institutional funds have offloaded Apple shares this year due to the price stagnation. Institutional funds could make a reentry when prices are low and begin to accumulate when the market is fearful. Apple is among the most sought-after stocks as it has historically delivered stellar profits to investors.
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Apple Stock: 2 Financial Firms Dump AAPL & Trim Their Holdings
Apple stock closed Monday’s bell at $228 and dipped nearly 3.4% in the day’s trade. AAPL is experiencing a downturn as it shed close to 7% in the last 30 days. The stock is struggling to climb above the $240 mark and is slipping to the $220 level every time it reaches the mark. The price stagnation is worrisome as it carries trillions of dollars worth of trade in its market cap. A decline could prove costly and could also drag other stocks down along with it.
Also Read: Trump Deports Illegal Indian Immigrants, Spends $4,675 Per Person
On the heels of the price drop, two leading financial institutional firms have sold Apple stock and trimmed their holdings. The development is adding pressure on AAPL as institutional investors are booking profits and jumping ship. Read here to know a realistic price prediction on how high Apple stock could trade this year in 2025.
Also Read: De-Dollarization: New Country Emerges To Abandon the US Dollar
AAPL Stock: 2 Institutional Funds Dump Apple Stock
The latest 13F filing shows that Mirabella Financial Services LLP sold its position in Apple stock by 96.3% in Q3 of 2024. The financial firm sold 52,918 worth of shares during Q3 and now holds only 2,014 worth of AAPL shares. Mirabella Financial Services LLP’s Apple holdings were worth $469,000 at the end of the quarter.
Also Read: Elon Musk’s D.O.G.E. Accused of Misusing Treasury Data in New Lawsuit
In addition, Private Trust Co has also reduced its position in Apple stock and has sold 1.7% of its holdings, according to the latest 13F filing submitted to the US Securities and Exchange Commission (SEC). Private Trust Co owns 149,338 AAPL shares and dumped 2,632 shares during the Q3 of 2024. Overall, Apple substitutes 3.5% of the overall portfolio of the institutional fund. They hold a whopping $34,796,000 worth of AAPL shares in the recent reporting.
Several other institutional funds have offloaded Apple shares this year due to the price stagnation. Institutional funds could make a reentry when prices are low and begin to accumulate when the market is fearful. Apple is among the most sought-after stocks as it has historically delivered stellar profits to investors.
Read More
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