The world's largest asset manager is loading up on Apple
Advertisement
AP
Apple CEO Tim Cook
Advertisement
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.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
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.
But Apple is a particular favorite of the BlackRock COO Sue Wagner, who joined Apple's board of directors in 2014.
Advertisement
Apple stock reached a 14-month high earlier this week.
Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!
Next StoryAdvertisement
2 states where home prices are falling because there are too many houses and not enough buyers
US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
9 health benefits of drinking sugarcane juice in summer
10 benefits of incorporating almond oil into your daily diet
From heart health to detoxification: 10 reasons to eat beetroot
Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
