Today's Hard|Forum Post
Today's Hard|Forum Post

Friday January 15, 2016

Growth Funds Dumping Apple Stock

I guess now is as good of a time as any to dump your Apple stock. Depending on when you bought it, you could make a nice chunk of change off your stocks.

Amid concerns that iPhone sales may be set to drop, the $77.3 billion American Funds Capital World Growth & Income Fund (CWGIX.O) has sold all of its 1.7 million Apple shares since the end of June, according to Lipper data. The $9.3 billion Hartford Capital Appreciation Fund (ITHAX.O) sold 1.4 million shares over the same period, reducing its position by 91 percent.