As soon as the ex-dividend dates pass (majority are on December 10th or December 14th) these money managers will immediately transition back. Apple’s refusal to issue a special dividend is causing a third wave of its sell-off that began on September 21st. The first wave was caused by institutional re-balancing due to Apple’s 74.9% YTD returns, the second wave was caused by the hangover effect of President Obama’s re-election and the third wave is being caused by special dividend posturing as funds sell Apple in order to gain exposure to the dividend bubble.
Apple’s rally window is coming, this dividend bubble will likely enhance Apple’s next rally, but we’ll need to endure another dip before it takes off.
Hold on a little more.