Recently, Cardinal Capital Management Inc. lifted its stakes in Apple Inc. (NASDAQ:AAPL) shares in the first quarter by 5,525.0%. Sources reveal that the company owns 225 shares of stock of the iPhone makers. Here are all the latest updates you need to know.
Cardinal Capital Management Inc. has increased its holdings by 5,525.0% in Apple Inc. (NASDAQ:AAPL). As of now, the firm has 225 shares of the iPhone maker’s stock after they purchased an additional 221 shares in the same period. According to the sources, Cardinal Capital Management Inc.’s holdings were worth $39,000 in Apple at the end of the reporting period.
Apart from this, many hedge funds and other institutional investors recently reduced or added to their stakes in the stock. Furthermore, Fountainhead AM LLC also boosted Apple by the stakes of 11.6% in the 4th quarter.
As of now, Fountainhead AM LLC owns 45,544 shares of stocks of the iPhone makers which are worth $7,732,000. The stocks increased after buying an additional 4,738 shares in the last quarter. Moreover, Primoris Wealth Advisors LLC bought a new position in shares of Apple in the fourth quarter. Sources say that these shares are worth about $4,282,000.
Besides, Stegent Equity Advisors Inc. acquired a new position in Apple during the 4th quarter worth about $2,588,000. Even Keebeck Alpha LP grew its stake by 35.6% in Apple in the fourth quarter. Now, Keebeck Alpha LP owns shares of the stock of iPhone makers that is valued at around $2,389,000. This comes after acquiring additional 3,534 shares in the final quarter.
Last but not the least, West Bancorporation Inc. acquired Apple’s new stake in the fourth quarter which is valued at around $1,688,000. Currently, Hedge funds along with other institutional investors own the company stock of around 57.98%.
Other news states that SVP Katherine L. Adams sold around 25,000 shares of the stocks of the company in a transaction made on Wednesday, 4, May 2022. Moreover, the stock was sold at an average cost of $161.72. This is for the sum of the transaction of $4,043,000.00.
After the completion of the transaction, now the senior vice president owns directly 452,334 shares of the stocks of the company. It is valued at around $73,151,454.48. Later, they disclosed the transaction in a legal filing with the SEC. Moreover, SVP Deirdre O’Brien sold the stocks of 8,000 shares in a transaction on Monday, 18, April 2022.
Next, those shares were sold at an average of $164.91 for the sum the value of $1,319,280.00. After the transaction was complete, the senior vice president owned 136,290 shares in the company which was valued at around $22,475,583.90.
So that was all about the news of Cardinal Capital Management Inc. lifting Apple’s shares. We will be back with more latest updates on this news. Till then you can check out other business-related news.
Read More: Bumper weekend at IKEA Bengaluru store: ‘Not MLAs queuing in Maharashtra’