Visionary Wealth Advisors Buys $116.85M Stake in Apple Amid Continued Institutional Inflows

Institutional investors continue expanding positions in Apple Inc., with Visionary Wealth Advisors acquiring a new stake of 403,814 shares valued at roughly $116.85 million. The purchase represents about 4.6% of the firm's portfolio, making Apple its fourth-largest holding. This follows Investor's Fiduciary Advisor Network LLC establishing a $13.34 million position comprising 46,099 shares. Total institutional ownership in Apple stands at approximately 67.73%. The buying comes as Apple posts quarterly revenue of $109.42 billion and earnings per share of $2.02, while Wall Street maintains a consensus 'Moderate Buy' rating with an average $340.14 price target.