“Institutional ownership of Apple Inc. shares declined by about 4% in the second quarter, the third such quarterly decline in a row, according to Michael Amenta, research analyst at FactSet,” Wallace Witkowski reports for MarketWatch. “But with a recent rebound in the tech giant’s share price, that trend may not hold.”
“In the second quarter, Apple ownership declined by 3.5% among institutional shareholders, with Fidelity Management & Research — Apple’s largest holder as recently as the third quarter of 2012 — the largest seller during the period,” Witkowski reports. “Over one year, Fidelity’s stake in Apple has declined to 3.2% from 4.8%, according to FactSet.”
Witkowski reports, “Over the second quarter, Apple shares fell 10.4% to close at $396.50. That tide may have shifted though. Shares have rebounded 28% since the end of the second quarter.”
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