Stocks
Amazon.com Stock Gains Traction with Papamarkou Wellner Asset Management
Papamarkou Wellner Asset Management inc. has added Amazon.com to its portfolio by purchasing 35,621 shares of the e-commerce giant's stock in the second quarter.
The new position is valued at approximately $7.42 million and makes up about 1.6% of Papamarkou Wellner Asset Management inc.'s holdings.
This move comes as several other hedge funds have also modified their stakes in Amazon.com, including Silvant Capital Management LLC, which acquired a new stake worth around $60 million in the second quarter.