Evanson Financial Invests $8 Million in Amazon

Evanson Financial LLC, a hedge fund, has invested $8 million in Amazon.com, Inc. (NASDAQ:AMZN). According to its most recent disclosure with the SEC, the company purchased 33,584 shares of Amazon's stock in the second quarter.

The total value of these shares is approximately $8,004,000. This investment is part of a larger trend of institutional investors increasing their stakes in Amazon. As of Q2, 72.20% of the company's stock is owned by institutional investors.

Amazon has been expanding its data centers and logistics capabilities, including an $18 billion investment in Louisiana to support its cloud business AWS. The company's AI-powered advertising tools are also reported to be increasing product discovery and advertiser returns.