Gateway Investment Advisers Sells Over 94,000 Shares of Amazon Stock
Gateway Investment Advisers LLC has adjusted its stake in Amazon.com, Inc. (NASDAQ:AMZN) after selling off 94,785 shares during the second quarter.
The company's most recent 13F filing with the Securities and Exchange Commission indicates that it now owns 1,559,806 shares of Amazon.com stock, down 5.7% from the previous quarter.
This adjustment has a significant impact on Gateway Investment Advisers LLC's portfolio, which is comprised of approximately $371,764,000 in Amazon.com holdings. The e-commerce giant accounts for roughly 3.7% of the firm's overall investment portfolio.