Amazon Stock Attracts More Institutional Investors
FSA Advisors Inc., a financial firm, has invested in Amazon.com, Inc. (NASDAQ:AMZN) by purchasing 5,641 shares of its stock in the second quarter.
The value of these shares is approximately $1,346,000, based on their current market price.
This investment is part of a larger trend where institutional investors and hedge funds are increasing their stakes in Amazon.com.
According to recent SEC filings, 72.20% of the company's stock is owned by these types of investors.