Investors Sparked Shares of Apple Inc in Quarter I, Largest Since 2008

JAKARTA -Institutional investors have never been so skeptical as now for Apple Inc. shares, at least since the 2008 financial crisis.

Reported by Bloomberg, a number of investors released the ownership of the iPhone producers to reach a total of 153 million shares in the first three months of this year, according to the agency’s 13F filing analysis.

The amount is the largest since at least I / 2008 when Bloomberg began tracking data.

Number of shares released by investors It also became the most among other stocks on the S & P 500 index in the first quarter of 2018.

This decline in ownership is the third decrease in the last four quarters, with the increase in total holdings taking place only in the fourth quarter of 2018, which reached 8.6 million shares.

Investor sentiment at Apple has worsened this year amid concerns about whether the company will be able to sustain the iPhone unit’s sales rate.

Of course one major exception to this trend is Warren Buffett. Berkshire Hathaway Inc. bought 75 million shares of Apple in the first quarter of 2018 and became the third largest investor of the company.

Bank of America Corp., Wells Fargo & Co., Citigroup Inc. including among the top 10 lists of stocks and exchange-traded funds that posted a decline in ownership in the first quarter of 2018.

The agency cuts its position in Bank of America by about 135 million shares, while Citigroup reaches 67 million shares and Wells Fargo about 46 million shares.

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Written by DI

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