Stocks
MasterInvest Invests Big in Amazon with $37 Million Stake
MasterInvest Kapitalanlage GmbH has made a significant investment in Amazon.com Inc. (NASDAQ: AMZN), purchasing 155,345 shares of stock valued at approximately $37.025 million.
This new stake is worth around 3.2% of MasterInvest's holdings, making it the company's sixth-largest holding.
MasterInvest is not alone in its investment in Amazon, as other large investors such as Trust Asset Management LLC and Lifetime Wealth Management P.C. have also increased their stakes in the e-commerce giant during the second quarter.