Neil Jubaili-led Cedar Wealth Management added stakes worth around $1.48 million in U.S.-based tech giants during the second quarter, regulatory filings revealed on Monday.
What Happened: The San Francisco, California-based investment firm that focuses on managing wealth for affluent individuals and families, added shares in Apple Inc AAPL, Amazon.com Inc AMZN, Microsoft Corp MSFT and Facebook Inc FB.
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Cedar Wealth added 3,680 shares in the Cupertino, California-based company, lifting the total exposure in Apple to $14.58 million at the end of the second quarter.
The investment firm also added 55 shares in Amazon, worth $374,000, raising the total stake in the e-commerce giant to $2 million.
Cedar Wealth also added 181 shares in Microsoft and 162 shares in Facebook, lifting the stakes in the two companies to $1.8 million and $781,000 respectively.
Price Action: Apple shares, which have risen 10% so far this year, closed marginally lower at $146.09 on Monday. Amazon shares have risen 2.6% so far this year and closed marginally lower at $3,341.87 on Monday.
Microsoft and Facebook shares have risen 29.6% and 32.4% each so far this year. MSFT shares closed 0.39% lower at $288.33 and FB closed 0.52% lower at $361.61 on Monday.
See also: How to Buy Amazon Stock
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