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Fisher Asset Management LLC, managed by Ken Fisher, recently executed a significant transaction involving Apple Inc ((AAPL)). The hedge fund reduced its position by 674,991 shares.
Recent Updates on Apple Inc stock
Apple Inc. (AAPL) is currently navigating significant geopolitical and regulatory challenges, including the U.K.’s demand for a ‘back door’ to access user data, which could impact its encrypted storage services, and potential antitrust scrutiny in China amid U.S.-China tensions. Despite these hurdles, Apple is preparing to launch a more expensive version of its budget iPhone SE. The stock has seen a year-to-date price 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 such as Egerton Capital and Robert Bender & Associates have increased their holdings, indicating continued investor interest despite the challenges, while some funds like Gotham Asset Management have reduced their positions.
More about Apple Inc
YTD Price Performance: -2.21%
Average Trading Volume: 50,445,202
Current Market Cap: $3674.4B
