The investment arm of one of the world’s biggest insurers just made major changes in its U.S.-traded investments.
MEAG Munich Ergo initiated a stake in iPhone maker
Apple
(ticker: AAPL), and bought more shares of chip maker
Nvidia
(NVDA), specialty-glass maker
Corning
(GLW), and vaccine maker
Pfizer
(PFE) in the second quarter. MEAG, which handles all the investment activities for Munich Re, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.