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The world's largest asset manager is loading up on Apple
Kif Leswing Jan 20, 2017, 10:30 AM ET
Tim Cook
AP
Apple CEO Tim Cook.
BlackRock, the world's largest asset manager, has boosted its stake in Apple to 322 million shares, according to a Securities and Exchange Commission 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 each 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.

Apple stock reached a 14-month high earlier this week.


...https://www.google.com/amp/s/amp.businessinsider.com/blackrock-is-loading-up-on-apple-stock-2017-1?client=ms-android-sprint-us-------------------------------




Just Curious What Makes BlackRock Move Deeper Into Apple ?

I'm Wondering If It Has Anything To Do With A New Digital Wallet Coming Out ???


Or Has Anything Connected To Mr Hyde Jr ?


Or What If BlackRock Finds Excel Corporation/ EXCC ?