Apple is ticking higher after the world's largest asset manager says it has been loading up on shares (AAPL)

Apple is higher by 0.3% at $120.11 after BlackRock,the world's largest asset manager,boosted its stakein the companyto322 million shares, according to a SECfiling. The firm now holds 6.1% of Apple's outstanding shares, worth about $38.4 billion. Apple stock reached a 14-month high earlier this weekas Morgan Stanleygave the companyan "overweight" rating and a price target of $148. Markets Insider NOW WATCH: Here's how to use one of the many apps to buy and trade bitcoin