BOK Financial Invests $8 Million in Amazon Amid AWS Growth
BOK Financial Private Wealth Inc. made a significant investment in Amazon.com (NASDAQ:AMZN) by purchasing 33,557 shares during the second quarter.
The value of this new stake is approximately $7,998,000, making Amazon.com about 0.4% of BOK Financial's investment portfolio, and its 16th largest position.
This investment comes as Amazon continues to grow its cloud services business, AWS, which has seen the fastest growth in 18 quarters according to analysts.