“Ownership of Apple stock by institutional investment firms edged up 1.3% in the second quarter from Q1, as confidence in the company’s performance rose,” Brian Deagon reports for Investor’s Business Daily. “The increase follows a 4.3% decline in Q1 from Q4, reports FactSet Research.”
“Though the Q2 increase was modest percentage-wise, the number of institutions that added Apple to their portfolios was far more impressive, FactSet said,” Deagon reports. “Apple added 121 new institutional owners in Q2, a 4.5% increase from Q1, for a total of 2,814.”
“The value of shares held among institutional investors at the end of Q2 totaled $354.8 billion,” Deagon reports. “Apple has more institutional owners than any stock. No. 2 is Microsoft, with 2,675 institutional owners holding stock valued at $252.2 billion. The next three, in order, are Exxon Mobil, Wells Fargo and Johnson & Johnson.”
Read more in the full article here.
One of the reasons for the recent stock split was to attract retail investors
The institutional investors seem to be a very fickle lot given the huge price swings in the last 2 years without any change in the fundamentals.
Price manipulation ??
if that trend continues, we will see 150 AAPL in no time
Anecdotally, it seems that AAPL is still institutionally under-owned at this point, comparably. The managers do appear to be catching up, though. And that’s a good thing.
Yeah, $110 may not be too far off – especially if whatever forthcoming product announcements by Apple fulfill expectations (well, OK, we know how that goes…).
I don’t know if I’d like to be heavily invested in Microsoft at this point.
Ballmer just resigned from the board, you know.
The stock went up on the news.