Tue Oct 01 08:18:35 UTC 2024: ## Apple (AAPL) Stock Sees Increased Investment From Hedge Funds

**New York, NY** – Several hedge funds have shown continued confidence in Apple Inc. (NASDAQ:AAPL) by increasing their holdings in the company’s stock during the second quarter of 2024.

Optas LLC, a prominent investment firm, boosted its position in Apple by 10.8%, now owning 70,806 shares worth $14,913,000. This makes Apple the 7th largest holding in Optas LLC’s portfolio.

Other notable investors include:

* **WT Asset Management Ltd:** Acquired a new position in Apple worth $80,057,000.
* **Clear Creek Financial Management LLC:** Raised its stake by 2.8%, now owning 47,210 shares worth $9,943,000.
* **SNS Financial Group LLC:** Increased its position by 2.7%, now owning 153,925 shares worth $32,420,000.
* **David Kennon Inc:** Boosted its stake by 1.9%, now owning 9,036 shares valued at $1,903,000.
* **Pettinga Financial Advisors LLC:** Grew its stake by 1.0%, now owning 47,622 shares worth $10,030,000.

These moves indicate a strong belief in Apple’s continued growth and profitability. Notably, 60.41% of Apple’s stock is currently owned by institutional investors.

**Insider Trading**

Meanwhile, several Apple executives have recently sold shares. Katherine L. Adams, SVP, sold 100,000 shares on August 5th for a total of $20,644,000. Chris Kondo, an insider, sold 5,178 shares on August 9th for $1,121,037.

**Financial Performance**

Apple reported strong quarterly earnings on August 1st, exceeding analyst expectations with $1.40 EPS and $85.78 billion in revenue. The company also declared a quarterly dividend of $0.25, representing a yield of 0.43%.

**Moving Forward**

Apple’s stock opened at $233.00 on Tuesday. The company’s strong financial performance and continued investment from institutional investors suggest a positive outlook for the tech giant.

To learn more about Apple’s financial performance and investor activity, visit HoldingsChannel.com for the latest 13F filings and insider trades.

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