Denali Advisors Cuts Amazon Stake by 15.6%
Denali Advisors LLC recently reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) shares by 15.6% in the second quarter.
The firm sold 12,698 shares during this period, leaving it with 68,888 shares of Amazon's stock.
This represents about 1.7% of Denali Advisors LLC's investment portfolio and makes AMZN its fifth-largest holding.