Stocks
Great Lakes Advisors Puts Big Bet on Amazon Stock with $521 Million Purchase
Amazon.com, Inc. (NASDAQ:AMZN) has seen significant institutional investment from Great Lakes Advisors LLC and other firms during the second quarter.
Great Lakes Advisors purchased a new position in Amazon.com, Inc., acquiring 2,187,677 shares valued at approximately $521,412,000.
This represents 4.0% of Great Lakes Advisors' holdings, making it their largest position.
Other institutional investors have also increased their stakes in the e-commerce giant, including Longfellow Investment Management Co., MilWealth Group LLC, Lifetime Wealth Management P.C., and Prudent Man Investment Management Inc.