NEW YORK—Several prominent investors put fresh money to work in Apple during the third quarter even as they sold out of other high-flying tech companies, betting the iPhone maker’s stock would keep rising as strong growth overshadowed rising trade tensions between the United States and China.
The purchases, which were revealed in securities filings on Nov. 14, may be leaving large investors with steep losses if Apple continues its more than 15 percent decline for the month so far.
