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Diversified Management Inc. Sells Stake in Amazon.com

Guavy AI Editorial Team
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AMZN
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Diversified Management Inc. has reduced its holdings in Amazon.com (NASDAQ:AMZN) by 6.5% in the second quarter, according to its latest 13F filing with the SEC.

The institutional investor owned 28,758 shares of the e-commerce giant's stock after selling 1,991 shares during the period, making it the company's 16th biggest holding, which comprises about 1.5% of Diversified Management Inc.'s portfolio.

The holdings in Amazon.com were worth $6,854,000 at the end of the most recent quarter, a significant investment for the company.

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