Institutional Investors Establish New Positions in Apple as Shares Trade Near Record Valuation

Institutional investors have expanded holdings in Apple Inc., bringing collective institutional and hedge fund ownership to 67.73%. In the second quarter, Whalen Wealth Management bought 21,572 shares for $6.24 million, Wood Tarver Financial Group added 13,068 shares valued at $3.78 million, and Womack Financial acquired 11,015 shares for $3.19 million. Apple shares opened at $341.07, giving the company a market capitalization of roughly $4.98 trillion. In its most recent quarter, Apple reported earnings per share of $2.02, exceeding consensus estimates of $1.89, as revenue rose 16.4% year-over-year to $109.42 billion.