Advertisement
Australia markets closed
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • AUD/USD

    0.6532
    +0.0032 (+0.49%)
     
  • OIL

    82.97
    +0.16 (+0.19%)
     
  • GOLD

    2,342.80
    +4.40 (+0.19%)
     
  • Bitcoin AUD

    97,734.69
    -4,064.77 (-3.99%)
     
  • CMC Crypto 200

    1,356.29
    -26.29 (-1.90%)
     
  • AUD/EUR

    0.6092
    +0.0022 (+0.36%)
     
  • AUD/NZD

    1.0957
    +0.0016 (+0.14%)
     
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,090.98
    +50.60 (+0.63%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    17,956.47
    -132.23 (-0.73%)
     
  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

As Institutional Investors Are Selling Apple, Buffett Is Buying

As Institutional Investors Are Selling Apple, Buffett Is Buying

After shunning the stock for years, Berkshire Hathaway (BRK.A) recently disclosed that it increased its stake in Apple (AAPL) to a whopping 240.3 million shares, worth more than $40.0 billion. The company said that it purchased 75.0 million Apple shares in the first quarter. The Warren Buffett–led company is the third-largest shareholder of Apple, behind asset managers Vanguard and Blackrock (BLK).