The World's Largest Asset Manager is Loading up on Apple (AAPL, Blk)
BlackRock, the world's largest asset manager, has boosted its stake in Apple to 322 million shares, according to a SEC filing. The firm now holds 6.1% of Apple's outstanding shares. That's up from the 5.7% stake it held in the iPhone giant in January 2016. BlackRock's Apple holdings are worth about $38.4 billion at the current stock price of $119. Apple isn't the only big-name tech stock that BlackRock has a significant stake in. It owns over 5% of Facebook, HP, and Microsoft as well...
Login to comment.