Hedge Funds Waiting With Bated Breath For iWatch
Until it comes out, they’ll just have to settle for the 30% that Apple shares have appreciated since they started hording (and stopped selling) them.
Hedge funds purchased $855 million in new positions in the iPhone and iPad maker during the second quarter, the second-highest level of new buying activity among S&P 500 stocks, according to S&P Capital IQ….
In the three months ended June 30, Apple wasn’t among top 10 stocks sold the most by hedge funds, according to the data.
Hedge Funds Flock to Apple [WSJ MoneyBeat blog]
![Ineffective way of determining preferences. By Taro the Shiba Inu [CC BY 2.0], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MTE2NjQ2NDk5ODI5/netflix.jpg)
![By Dimitris Sartzetakis (http://www.apple.com/iphone-7/ios/) [CC BY-SA 4.0], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MzMwODU2ODc5NjA1/iphone7.jpg)