Amazon Shares Surge as Major Investor Boosts Stake
Mufg Securities Americas Inc., a major institutional investor, increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.1% during the second quarter of this year.
The company acquired an additional 24,579 shares, bringing its total holdings to 294,830 shares, which is worth around $70 million at current prices.
Amazon accounts for approximately 3.6% of Mufg Securities' portfolio and is the firm's fourth-largest holding.