2 Berkshire PMs buy Apple stock

By Staff | May 16, 2016 | Last updated on May 16, 2016
1 min read

According to Securities and Exchange Commission filings, Berkshire Hathaway “has taken a new stake in Apple and upped its holdings in IBM,” reports CNBC.

But this wasn’t a purchase made by Buffett, says CNBC. Instead, Berkshire portfolio managers Todd Combs and Ted Weschler made the move. Now, “Berkshire’s new stake in Apple total[s] 9.8 million shares, while the company [has] boosted its shares of IBM by 198,853 to 81.2 million shares.” Read more.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.