Johnson Financial Group Takes a $13 Million Stake in Amazon

A recent SEC filing shows that Johnson Financial Group Inc. has taken a new position in Amazon.com, Inc. (NASDAQ:AMZN) by acquiring 54,719 shares of its stock in the second quarter.

The shares were valued at approximately $13,042,000 and account for about 0.4% of Johnson Financial Group's investment portfolio, making it the company's 16th biggest position.

This is not an isolated move as several other institutional investors have also recently bought and sold shares of AMZN.