Amgen Stake Hiked by Western Wealth Management to $3.59M

Western Wealth Management LLC significantly increased its stake in Amgen Inc. (NASDAQ:AMGN) by 137.5% during the first quarter, according to a recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,207 shares of the medical research company's stock after purchasing an additional 5,910 shares.

The firm's holdings in Amgen were worth $3,591,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMGN.