Stocks
ABN AMRO Bank N.V. Invests $241M in Amazon.com
ABN AMRO Bank N.V. has invested $241.81 million in Amazon.com, Inc. (NASDAQ:AMZN), acquiring 1,013,006 shares valued at approximately $241,806,000.
This stake makes up about 3.1% of ABN AMRO's portfolio and positions Amazon as its eighth largest holding.
The investment follows a string of similar moves by other institutional investors in the second quarter, with Summit Asset Management LLC buying a new position valued at $10,063,000 and S&CO Inc. acquiring a new position valued at around $46,947,000.