Allied Private Wealth Buys New Stake in Amazon.com Worth $4.6 Million
Allied Private Wealth LLC has purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) worth approximately $4,636,000, according to its recent disclosure with the Securities and Exchange Commission.
The institutional investor acquired 19,030 shares of the e-commerce giant's stock during the second quarter, making up about 3.0% of Allied Private Wealth LLC's investment portfolio. This makes Amazon.com the company's 5th largest holding.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN, with IFC & Insurance Marketing Inc., Corepath Wealth Partners LLC, Deane Retirement Strategies Inc., Great Waters Wealth Management, and Wealth Science Advisors LLC all increasing their holdings during the second quarter.