Stocks
Clarion Wealth Management Partners LLC Buys $2 Million Stake in Amazon.com
A prominent institutional investor has taken a significant position in Amazon.com, Inc. (NASDAQ:AMZN). Clarion Wealth Management Partners LLC acquired approximately $2 million worth of shares in the e-commerce giant's stock during the second quarter.
The firm purchased 8,376 shares, which makes up about 1.6% of its portfolio and ranks as its eleventh largest holding. This is not an isolated move, as several other institutional investors have recently increased their stakes in Amazon.com.
Auto Owners Insurance Co boosted its stake by a staggering 27,376.7%, while Bank of New York Mellon Corp bought a new position worth $16 billion.