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Apple Inc. $AAPL Stock Position Lowered by Acropolis Investment Management LLC
Acropolis Investment Management LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 5.2% during the fourth quarter, selling 4,979 shares and retaining 90,598 shares valued at $24.63 million. This adjustment makes Apple the firm’s 20th-largest position. The stock is facing near-term pressure due to reports of engineering issues with the foldable iPhone and IP/legal risks in China, while insiders like CEO Tim Cook and SVP Deirdre O’Brien have also sold shares under pre-arranged plans.