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Institutional Investors Pile into Amazon with Family Legacy Inc.

Guavy AI Editorial Team
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AMZN
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Family Legacy Inc., an investment firm, has acquired a new position in Amazon.com (NASDAQ:AMZN) during the second quarter. According to the company's most recent 13F filing with the Securities and Exchange Commission (SEC), Family Legacy Inc. bought 26,000 shares of the e-commerce giant's stock, valued at approximately $6,197,000.

This investment makes Amazon.com the 18th largest holding in Family Legacy Inc.'s portfolio, accounting for 1.7% of its assets. This is not an isolated instance, as several other hedge funds and institutional investors have also recently increased their stakes in AMZN.

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