Chapin Davis Inc. Cuts Amazon Stake by 10.6%
Chapin Davis Inc., an institutional investor, reduced its stake in Amazon.com, Inc. (NASDAQ: AMZN) by 10.6% in the second quarter, according to a recent SEC filing.
The company sold 4,085 shares during the quarter, bringing its total holdings to 34,407 shares of Amazon's stock.
Amazon comprises 1.4% of Chapin Davis Inc.'s portfolio, making it the firm's 21st largest position.
Chapin Davis Inc.'s holdings in Amazon.com were worth $8,200,000 as of its most recent filing with the SEC.