Stocks
Jacobs Equity LLC Takes New Stake in Amazon.com
A recent SEC filing revealed that Jacobs Equity LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, buying 5,691 shares worth approximately $1,356,000.
This investment accounts for about 0.9% of Jacobs Equity LLC's portfolio, making it the company's 13th largest holding.
Amazon.com is not the only stock to have seen increased ownership from institutional investors in recent months. Bank of America Corp DE, Bank of New York Mellon Corp, and Legal & General Group Plc have all purchased new positions in Amazon.com during the second quarter, with combined values ranging from $12 billion to over $22 billion.