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Morningstar Investment Management LLC, managed by Kunal Kapoor, recently executed a significant transaction involving Apple Inc ((AAPL)). The hedge fund reduced its position by 45,801 shares.
Recent Updates on Apple Inc stock
Recent developments for Apple Inc. (AAPL) highlight significant geopolitical and regulatory challenges, particularly the U.K.’s demand for a ‘back door’ to access user data, potentially affecting encrypted storage services, and U.S.-China tensions that could lead to tariffs and antitrust investigations in China regarding its App Store. Despite these issues, Apple plans to launch a pricier version of the budget iPhone SE. Hedge funds like Egerton Capital and Robert Bender & Associates have increased their holdings, showing continued investor interest. Apple’s stock has seen a year-to-date decline of approximately 7.00%, with an average trading volume exceeding 50 million shares and a market cap ranging from $3,419.8 billion to $3,628.3 billion.
More about Apple Inc
YTD Price Performance: -2.21%
Average Trading Volume: 50,445,202
Current Market Cap: $3674.4B
