Fund managers have increased their holdings of Apple shares to a record high, according to Bank of America strategy data. Analyst Wamsi Mohan set a $210 price target on Apple, noting that the fund manager's exposure to Apple increased 7.1% from the previous month, placing it second among IT hardware and supply chain stocks after Security. Nokia Electronics (APH.N), whose exposure increased by 7.16%. As of the end of February, the fund manager's total holding of Apple was 77.7%. “We attribute the increase to risk aversion in a volatile macroeconomic environment,” Mohan said. In addition, Mohan noted that Dell (DELL.N) was the only one with a decline in holdings in the tracking data. Stocks, down 0.47% month-on-month.
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