Jennison Associates LLC Boosts Holdings in Amgen Inc.
Jennison Associates LLC has significantly increased its holdings in Amgen Inc. (NASDAQ: AMGN), acquiring an additional 75,212 shares during the second quarter. This purchase represents a 57.9% increase in Jennison's position in the medical research company.
According to Amgen's most recent filing with the Securities and Exchange Commission, Jennison Associates LLC now owns 205,192 shares of the company's stock. These holdings are valued at approximately $74,304,000 as of the latest SEC filing.
This is not an isolated incident; several other institutional investors have also modified their holdings in Amgen during the second quarter. Anfield Capital Management LLC lifted its position by 1,000% after purchasing an additional 70 shares, while Dogwood Wealth Management LLC increased its holdings by 275% after buying an additional 55 shares.
The value of Amgen's stock has fluctuated over the past year, with a 52-week high of $421.79 and a 52-week low of $269.77. The company's market capitalization stands at approximately $224.47 billion.