Apple Inc (AAPL): Giant asset manager buys up Apple, Nvidi...

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Monday, 07/25/2022 3:40:41 PM

Monday, July 25, 2022 3:40:41 PM

Giant asset manager buys up Apple, Nvidia, Corning, and Pfizer stock
Monday, July 25, 2022 11:41 am

The investment arm of one of the world’s biggest insurers just made major additions to its U.S.-traded investments, purchasing large stakes in Apple, Nvidia, Corning, and Pfizer.

Ed Lin for Barron’s:

MEAG Munich Ergo initiated a stake in iPhone maker Apple, and bought more shares of chip maker Nvidia, specialty-glass maker Corning, and vaccine maker Pfizer in the second quarter. MEAG, which handles all the investment activities for Munich Re, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.

As of March 31, it managed $337 billion in assets.

The asset manager bought 242,657 Apple shares in the second quarter. It hadn’t owned any at the end of the first quarter.

MacDailyNews Take: Smart investors are scooping up Apple at a discount.

https://macdailynews.com/2022/07/25/giant-asset-manager-buys-up-apple-nvidia-corning-and-pfizer-stock/