Grant Private Wealth Management Doubles Down on Amazon

Grant Private Wealth Management Inc has increased its holdings in Amazon.com by 17.5% in the second quarter, according to recent SEC filings.

The fund now owns 55,872 shares of AMZN, worth $13.3 million at the end of the most recent quarter, making it the company's 4th largest holding, accounting for about 5.6% of its investment portfolio.

This is not an isolated instance; other hedge funds and institutional investors have also been buying into Amazon.com shares.