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Wedgewood Partners Inc, managed by David Rolfe, recently executed a significant transaction involving Apple Inc ((AAPL)). The hedge fund increased its position by 7,925 shares.
Recent Updates on Apple Inc stock
Apple Inc. (AAPL) is currently dealing with significant geopolitical and regulatory challenges, including the U.K.’s demand for a ‘back door’ to access user data, potentially affecting its encrypted storage services, and U.S.-China tensions that may result in tariffs and antitrust investigations in China regarding its App Store policies. Despite these hurdles, Apple plans to launch a more expensive version of its budget iPhone SE. The stock has experienced a year-to-date price performance decline of approximately 7.00%, with a current market cap of around $3,419.8 billion and an average trading volume of over 50 million shares. Hedge funds like Egerton Capital and Robert Bender & Associates have increased their holdings in Apple, indicating ongoing investor interest despite recent challenges.
More about Apple Inc
YTD Price Performance: -2.21%
Average Trading Volume: 50,445,202
Current Market Cap: $3628.3B
