Amazon Stake Boosts Financial Perspectives Inc's Holdings
Financial Perspectives Inc has increased its stake in Amazon.com by 8.8% in the second quarter, according to a recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 24,039 shares of Amazon's stock after acquiring an additional 1,951 shares during the quarter.
Amazon accounts for about 1.4% of Financial Perspectives Inc's investment portfolio, making it its 17th largest holding.
The company's holdings in Amazon were worth $5,729,000 at the end of the most recent quarter.
This is not an isolated instance; other hedge funds have also modified their holdings in Amazon. For example, Vanguard Group Inc raised its holdings by 1.1% during the first quarter and now owns 832,274,556 shares worth $158,348,557,000.