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Empowered Funds Buys into Amazon with $292 Million Investment

Guavy AI Editorial Team
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AMZN
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Empowered Funds LLC made significant investments in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, acquiring 1,228,034 shares valued at approximately $292,690,000.

This investment represents about 1.5% of Empowered Funds' total portfolio, making it their eighth largest holding.

The e-commerce giant's stock price has been a subject of interest for institutional investors and hedge funds, with notable purchases including those from Auto Owners Insurance Co., Bank of America Corp DE, and Mitsubishi UFJ Asset Management Co. Ltd.

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