Cathie Wood is Dumping These 5 Stocks

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1. Apple Inc. (NASDAQ: AAPL)

Number of Hedge Fund Holders: 138   

Apple Inc. (NASDAQ: AAPL) is placed first on our list of 15 stocks that Cathie Wood is dumping. The firm operates from California as a diversified technology company. 

On September 1, investment advisory Bank of America reiterated a Neutral rating on Apple Inc. (NASDAQ: AAPL) stock with a price target of $160. Wamsi Mohan, an analyst at the firm, issued the ratings update. 

At the end of the second quarter of 2021, 138 hedge funds in the database of Insider Monkey held stakes worth $145 billion in Apple Inc. (NASDAQ: AAPL), up from 127 in the preceding quarter worth $131 billion.

In its Q1 2021 investor letter, Distillate Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ: AAPL) was one of them. Here is what the fund said:

“Apple is an even more notable situation and one that highlights our free cash valuation methodology and bears further discussion given its Q3 ‘20 sale from our strategy. For an extended period, Apple was extraordinarily inexpensive on a free cash flow basis and was the largest position in our strategy, exceeding 5% of the portfolio.”

You can also take a peek at 10 Cheap Dividend Kings with Over 2% Yield and 12 Best Semiconductor Stocks To Invest In Right Now.

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