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Ownership of Apple (AAPL) stock by institutional investment firms edged up 1.3% in the second quarter from Q1, as confidence in the company’s performance rose. The increase follows a 4.3% decline in Q1 from Q4, reports FactSet Research. Though the Q2 increase was modest percentage-wise, the number of institutions that added Apple to their portfolios was far more impressive, FactSet said. Apple added 121 new institutional owners in Q2, a 4.5% Scalper1 News
Scalper1 News