MI Firm Boosts Stake in Amazon.com to Over $7 Million

Strategic Investment Advisors MI has increased its stake in Amazon.com, Inc. by 21.7% during the first quarter, according to a recent SEC filing.

The firm purchased an additional 6,375 shares of the e-commerce giant's stock, bringing its total holdings to 35,709 shares worth $7,446,000 at the end of the period.

This move is part of a broader trend in which institutional investors have been increasing their exposure to Amazon.com.