Institutions still underweight on AAPL despite strong 2020 growth, analyst says

Institutional ownership of Apple stock remained close to an all-time high of 5.5% as 2020 came to an end, though large organizations still underweigh the stock, investment bank Morgan Stanley says.Credit: WikiMedia CommonsIn a note to investors seen by AppleInsider, analyst Katy Huberty writes that institutional ownership of Apple stock was largely flat quarter-over-quarter exiting Q1 2021. Institutional ownership refers to large-scale organizations buying and holding shares of a company. Read more...