Stocks
Avaii Wealth Management Buys Into Amazon
Avaii Wealth Management LLC has made significant investments in Amazon.com, Inc. (NASDAQ:AMZN). According to its most recent disclosure with the Securities & Exchange Commission, the fund acquired a new position in shares of the e-commerce giant's stock in the 2nd quarter.
The fund bought 7,468 shares of Amazon.com's stock, valued at approximately $1,780,000. This represents about 0.5% of Avaii Wealth Management LLC's holdings, making it its 29th biggest holding.
Amazon.com accounts for a significant portion of the company's portfolio, and its value has grown substantially in recent quarters. In the latest quarter, Amazon reported $200.61 billion in revenue, up 19.6% from the same period last year.