Columbia Asset Management Trims Stake in Amazon.com

Columbia Asset Management recently filed its quarterly SEC report, revealing that it has reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.6%.

The company owned 80,573 shares of the e-commerce giant's stock after selling 3,916 shares during the period. This represents approximately 3.3% of Columbia Asset Management's investment portfolio, making it its 4th largest position.

The firm's holdings in Amazon.com were worth $19,204,000 at the end of the most recent reporting period. Other institutional investors have also been adjusting their stakes in AMZN, including Vanguard Group Inc., State Street Corp, and Geode Capital Management LLC.