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Arete Wealth Advisors Cuts Stake in Amazon Amid Earnings Momentum

Guavy AI Editorial Team
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AMZN
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Arete Wealth Advisors LLC, an institutional investor, has reduced its position in Amazon.com Inc. (NASDAQ:AMZN) by 37.8% in the first quarter, according to a recent 13F filing with the Securities and Exchange Commission.

The fund owned 50,793 shares of the e-commerce giant's stock after selling 30,863 shares during the quarter. This reduced its holdings in Amazon.com to $10,579,000 as of its most recent filing with the SEC.

This is not an isolated move by Arete Wealth Advisors LLC. Several other institutional investors and hedge funds have also made changes to their positions in AMZN.

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