Institutional Investors Disclose New Stakes in Apple Following Strong Quarterly Earnings

Institutional investors have initiated new positions in Apple Inc., keeping total institutional ownership at approximately 67.73%. Disclosures show Peak Asset Management bought 117,906 shares for about $34.12 million, Trail Ridge Investment Advisors purchased 49,519 shares for $14.33 million, and L2 Asset Management acquired 86,513 shares valued at $25.03 million during the second quarter. The inflows follow Apple's quarterly earnings of $2.02 per share on $109.42 billion in revenue, up 16.4% year-over-year. Apple trades around $341 with a market capitalization near $4.98 trillion amid strong iPhone demand in India.