Economics
SNB Trims Holdings in Apple, Exxon, J&J, SEC Filing Shows
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The Swiss National Bank trimmed the number of shares it held in Apple Inc., Exxon Mobil Corp. and Johnson & Johnson in the second quarter, a U.S. regulatory filing shows.
The Zurich-based central bank held 0.3 percent fewer shares in the iPhone-maker on June 30 than at the end of March, according to the filing. It cut its shares in both Exxon and J&J by 0.2 percent. Even so, those three companies remained its top three U.S. equity holdings. At the same time, it increased the number of shares it held in drugmaker Merck & Co. by 1.1 percent, the data showed.