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Bridgewater Associates, LP, managed by Ray Dalio, recently executed a significant transaction involving Apple Inc ((AAPL)). The hedge fund increased its position by 414,653 shares.
Recent Updates on Apple Inc stock
Apple Inc. (AAPL) has recently been navigating significant geopolitical and regulatory challenges, including the U.K.’s demand for a ‘back door’ to access user data, potentially leading to the halt of encrypted storage services, and increasing tensions with China, which may result in tariffs and antitrust investigations related to its App Store policies. Despite these issues, Apple plans to launch a more expensive version of its budget iPhone SE. The stock has seen a year-to-date performance decline of approximately 7.00%, with a market cap ranging from $3,419.8 billion to $3,628.3 billion and an average trading volume of over 50 million shares. Hedge funds like Egerton Capital and Robert Bender & Associates have shown continued interest by increasing their positions, while Gotham Asset Management has reduced its holdings.
More about Apple Inc
YTD Price Performance: -2.21%
Average Trading Volume: 50,445,202
Current Market Cap: $3674.4B