Amgen Attracts New Investor Amid Strong Earnings
Strait & Sound Wealth Management LLC has invested $1.92 million in Amgen Inc., acquiring 5,292 shares of its stock during the second quarter.
The investment is just one of many recent moves by institutional investors to take advantage of the biotechnology company's growth prospects.
A number of other hedge funds and institutions have modified their holdings of Amgen in recent months, including Adell Harriman & Carpenter Inc., Fideuram Intesa Sanpaolo Private Banking S.P.A., Sigma Planning Corp, National Pension Service, and Integrated Advisors Network LLC.
Amgen has seen its stock price rise in response to strong earnings results and a number of pipeline updates. The company reported $6.29 earnings per share for the quarter, topping analysts' consensus estimates by $0.67.