Amazon Stock Sees Big Boost from Focus Partners Investment
Focus Partners Advisor Solutions LLC made a significant investment in Amazon.com (NASDAQ:AMZN) during the second quarter. The company purchased approximately $45.68 million worth of shares, specifically buying 191,666 units of AMZN stock.
This marks Focus Partners' entry into Amazon's stock market, with their new stake accounting for about 0.4% of their overall portfolio. The investment also makes Amazon their 17th largest holding.