Amazon Sees More Institutional Support

Advisors Preferred LLC, an investment firm, has made a significant new investment in Amazon.com, Inc. (AMZN), buying 25,300 shares of the e-commerce giant's stock worth approximately $6.14 million.

The purchase was disclosed in Amazon's most recent Form 13F filing with the Securities & Exchange Commission and marks a notable addition to the firm's portfolio.

This is not an isolated investment; several other institutional investors have also recently increased their stakes in Amazon, including Bank of New York Mellon Corp, Mitsubishi UFJ Asset Management Co. Ltd., Danske Bank A S, and Auto Owners Insurance Co.