Causey Wealth LLC Invests $1.086 Million in Amazon.com Stock

A new investment in Amazon.com, Inc.'s stock has been made by Causey Wealth LLC. In its most recent filing with the Securities and Exchange Commission (SEC), the company revealed it had purchased 4,555 shares of the e-commerce giant's stock during the second quarter. This purchase was valued at approximately $1,086,000. The stock makes up about 0.4% of Causey Wealth LLC's holdings.

Amazon.com, Inc.'s stock is owned by institutional investors to a significant extent. According to the source, 72.20% of the stock is held by these investors. Bank of New York Mellon Corp acquired a new stake in Amazon.com during the second quarter, valued at $16,341,405,000.

A number of other hedge funds and institutional investors also recently made changes to their positions in the business. Invesco Ltd. increased its position in shares of Amazon.com by 3.3% during the fourth quarter. Amundi lifted its holdings in Amazon.com by 14.1% during the first quarter.