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Apple is ticking higher after the world's largest asset manager says it has been loading up on shares

Tina WadhwaJan 20, 2017, 20:30 IST

Apple is higher by 0.3% at $120.11 after BlackRock, the world's largest asset manager, boosted its stake in the company to 322 million shares, according to a SEC filing.

The firm now holds 6.1% of Apple's outstanding shares, worth about $38.4 billion.

Apple stock reached a 14-month high earlier this week as Morgan Stanley gave the company an "overweight" rating and a price target of $148.

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