Hedge Funds Pour into Amazon Amid Strong Q2 Earnings
Amazon.com Inc. (NASDAQ:AMZN) has seen significant investment activity from various hedge funds and institutional investors in recent months.
Balanced Wealth Group LLC, a financial services firm, bought a new stake in shares of Amazon during the second quarter, purchasing approximately 2,378 shares valued at $567,000.
This represents about 0.2% of Balanced Wealth Group's investment portfolio, making it their 27th largest holding.
Other hedge funds have also increased their stakes in Amazon, including Avaii Wealth Management LLC, Compass Wealth Management LLC, and Vista Cima Wealth Management LLC, among others.