This is a news story, published by MSN, that relates primarily to Israel Englander news.
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hedge fundThe Motley Fool
•85% Informative
CEO Israel Englander downsized one of his largest positions in the third quarter .
Englander bought 2.4 million shares of the SPDR S&P 500 ETF Trust, increasing his stake by 81% .
Apple is a wonderful business with a strong position in several big consumer electronics categories.
But the stock trades at a material premium to its average valuation over the last three years .
The SPDR S&P 500 ETF Trust provides exposure to some of the most influential businesses in the world at a reasonable price.
The fund has an expense ratio of 0.0945% , which means the annual fees will total $ 9.45 on every $ 10,000 .
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