Stocks
Amazon Stake Boosted by Northwestern Mutual as Institutional Investors Pile In
Northwestern Mutual Wealth Management Co. has increased its stake in Amazon.com by buying an additional 22,489 shares during the second quarter.
The firm now owns 3,664,707 shares of Amazon's stock, valued at $873,446,000, according to its most recent 13F filing with the Securities & Exchange Commission.
This is not an isolated move by Northwestern Mutual Wealth Management Co., as other large investors have also modified their holdings in Amazon.com during the second quarter.