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Amgen Receives Boost from Hennessy Advisors Inc.

Guavy AI Editorial Team
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AMGN
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Hennessy Advisors Inc., an institutional investor, has boosted its stake in Amgen Inc. (NASDAQ:AMGN) by 58.7% during the second quarter.

The company acquired an additional 7,070 shares of AMGN's stock, taking its total holdings to 19,120 shares worth $6,924,000 at the end of the period.

This is not an isolated instance of Amgen receiving institutional investment. Other notable investors such as Norges Bank and Capital World Investors have also increased their stakes in the company during the quarter.

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