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]
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